 "real estate")
Six out of ten under-construction projects in Mumbai have revised their delivery targets by more than a year after Real Estate Regulation and Development (RERA) Act, 2016 into force, said a new report.
About 57 per cent of projects registered with RERA authority in Maharashtra have extended the delivery timelines, said a survey by property consultant Knight Frank. The report covered residential units registered with the Maharashtra RERA regulator or the MahaRERA in the Mumbai suburbs until August 16, 2017.
For nearly one-fourth (24 per cent) of the 1, 07,875 registered units the completion deadline was pushed by 12 to 18 months.
