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Ministry of Housing & Urban Affairs to issue Advisory to protect interests of Home buyers & Real Estate Stakeholders   Apr 29, 2020

An urgent meeting of Central Advisory Council (CAC) constituted under the provisions of Real Estate (Regulation and Development) Act, 2016 (RERA), was held today through webinar under the chairmanship of Sh. Hardeep S. Puri, Minister of State (Independent Charge), MoHUA to discuss the impact of the pandemic COVID-19 (Corona Virus) and consequent nationwide lockdown on the real estate sector and to treat it as an event of ‘Force Majeure’ under the provisions of RERA  

There was a demand for providing special relief for the real estate sector so that the sector is able to cope up with adverse impact of the current crisis. COVID-19 has already disrupted construction activities due to reverse migration of labour at large scale and disruption of supply chain of various construction materials  

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