Centre to soon issue guidelines for real estate sector

All real estate developers have been asked to pay special attention to their labour force

Central government, Guidelines and regulatory measures, Real estate sector, Covid-19 outbreak, Labour force and workmen, Debt restructuring, RERA

The Central government will soon issue guidelines and regulatory measures to help the real estate sector in dealing with the crisis triggered by the COVID-19 outbreak.

All real estate developers have been asked to pay special attention to their labour force and workmen in this time when the projects have been temporarily suspended. Special guidelines and regulatory measures for all real estate sectors including RERA will be issued soon to combat the situation.

The real estate developers have asked for one-time debt restructuring, and also relief from regulatory authorities under RERA in extending the deadline for completion of their projects.

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