 "Housuing, real estate, sale, demand, flats, house")
The government's move to extend the timeline for project completions and registrations by six months is expected to help distressed developers in a big way, though homebuyers may have to wait for some time to get possession, experts said.
“This is indeed a move to combat the Covid-19-led disruption, which brought construction work to a grinding halt with additional chaos of migrant labourers' movement and a disruption in the supply of raw materials,” said Niranjan Hiranandani, managing director, Hiranandani Group.
Hiranandani, however, said liquidity infusion is imperative to alleviate the depressing scenario for the sector.
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