Realtors hail Centre's 4-month project deadline relief amid Middle East disruptions

File photo: Govt advises State RERAs to grant 4-month extension for real estate projects hit by West Asia crisisReal estate industry bodies CREDAI and NAREDCO on Saturday welcomed the Centre's advisory asking state real estate regulators to extend project completion timelines by four months, saying the move would provide much-needed relief to developers grappling with shortages of construction materials caused by the ongoing conflict in Middle East.The industry bodies also urged state Real Estate Regulatory Authorities (RERAs) to implement the advisory at the earliest, arguing that the extension would help developers complete projects without compromising on quality while protecting the interests of homebuyers.Centre cites Middle East disruptionsOn Friday, the Union ministry of housing and