Govt move to extend project timelines will help stressed realtors: Experts

Home buyers, on the other hand, will have to wait longer to take possession

The government's move to extend timeline for project completions and registration by six months is expected to help distressed developers in a big way, though it would extend the waiting for home buyers, experts said.

"This is a big move that will destress developers significantly, since construction activity had halted all across the country. Homebuyers’ wait for their homes will get extended by this move, but this was in any case inevitable," said Anuj Puri, chairman Anarock Property Consultants.

Announcing the relief package for the industry, the Finance Minister said the Ministry of Housing and Urban Affairs would advise States/UTs