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The Economic Times
The Economic Times

When ‘almost complete’ means years of waiting: How RERA extensions are pushing possession dates further away for homebuyers

A housing project misses its promised completion date. The developer seeks more time. The regulator grants an extension. On the face of it, there is nothing unusual about this sequence. Construction can be delayed for several reasons, including circumstances beyond a developer’s control. In some cases, a few additional months may genuinely be enough to get buyers their homes, reported TOI.

The problem begins when those extra months turn into an endless cycle of deadline after deadline.

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