Construction ban in Delhi NCR may delay possession of apartments: CREDAI


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Bangalore TDR

The Confederation of Real Estate Developers' Associations of India (CREDAI) has asked National Green Tribunal (NGT) to reconsider the complete ban on all construction activities in several parts of Delhi NCR. The builders' body has feared that such construction ban could delay timely delivery of ongoing housing projects in the region.

Recently, NGT has ordered a complete ban on all construction activities by any person/agency, private or government, across Delhi NCR till further orders. However, interior decor work, where no construction material is used, can be carried out. The NGT order also directs builders to continue paying wages to the construction labour during the ban period. CREDAI has asked the state government to bring all the costs, especially fixed time bound costs under a 'zero period'.

In September 2017, the Uttar Pradesh government had issued a directive to handover the possession of about 50,000 flats in Noida and Greater Noida to homebuyers in the next three months. The ban has aggravated the handover of flats within stipulated time, opine experts. Developers have also requested to exclude this period of no construction from the timeframe for house delivery under the Real Estate (Regulation and Development) Act (RERA).

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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