Perspective on the announcement made by the Finance Minister on Real Estate Sector by Mr. Sharad Mittal, CEO, Motilal Oswal Real Estate Fund.
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| Mr. Sharad Mittal, CEO, Motilal Oswal Real Estate Fund |
“The
FM has announced a suo moto relief of 6 months for the RERA completion
timelines for all projects in all states with an additional window of 3
months that can be granted by the individual state authorities.
Considering that projects are likely to be delayed by at least 4 to 6
months due to the lockdown, this is a welcome move for all real estate
developers. However, it does not address the larger liquidity and
cashflows related challenges faced by the developers”.
