Home buyers’ body seeks withdrawal of extended construction timelines

This post is taken from ET Realty (source).

Homebuyers’ body FPCE has strongly objected to extension given by Maharashtra, Uttar Pradesh and Karnataka‘s real estate regulators for completion of projects, saying this will put flat owners under financial stress.

In the letter, FPCE said that the Union housing ministry last year provided extension (zero period) of 6 months to real estate projects across the country, with an option for a further extension of three months given to State RERA Authorities.