Kolkata: CREDAI West Bengal on Monday welcomed the state government's reform push for the real estate sector, particularly its proposed Standard Operating Procedure (SOP) for building safety and regulatory compliance, even as it said scrutiny of 585 of 706 projects identified under a mandatory audit has been completed.
CREDAI West Bengal president Sushil Mohta said the developers' body had sought an eight-month force majeure period, citing disruptions caused by the war, SIR, elections and the stop-work period imposed for the mandatory audit.
