The Confederation of Real Estate Developers' Associations of India (CREDAI NCR) has launched a coordinated campaign to secure timeline extensions across all NCR states, urging regulators in Delhi, Uttar Pradesh, and Haryana to swiftly implement the MoHUA advisory. In its letter dated August 13, CREDAI NCR has specifically asked the RERAs of Delhi, UP and the Panchkula wing of Haryana to allow timeline extensions for completion of registered real estate projects to counter any delays caused by the West Asia conflict. This follows recent orders passed by the Gurugram wing of Haryana RERA (HARERA Gurugram) and Rajasthan RERA, with Maharashtra RERA announcing a similar four-month extension this week. The industry body argues that a unified regulatory approach across NCR would be critical for operational stability, ease of doing business and preventing procedural bottlenecks for both developers and homebuyers.
The Haryana Real Estate Regulatory Authority (RERA) has granted a four-month extension to the completion timelines for real estate projects registered with the authority, citing issues faced by developers due to the Iran war. According to reports from Business Standard, this decision aligns with the Ministry of Housing and Urban Affairs' (MoHUA's) advisory to state RERAs, which classified the West Asia conflict as a war for the purpose of invoking force majeure clauses. The MoHUA advisory was issued on July 31, 2026, asking all state RERAs to grant similar relief, with Haryana joining Maharashtra and Telangana regulators who have already issued four-month extensions in response to the same advisory. However, only projects registered with HRERA on or before July 31, 2026 qualify for the extension, as projects registered after that date fall outside the scope of the relief. The Haryana order, dated August 11, follows the MoHUA advisory and will apply automatically without developers having to file separate applications, though the Centre had classified the West Asia situation as a force majeure event for the purpose of the relief. The extension applies to projects whose original, revised, or extended completion deadlines fall on or after February 28, 2026, providing comprehensive relief for developers facing ongoing supply chain disruptions.
Developers have been accounting for a four to six-month delay in project completion timelines, depending on the stage of construction and availability of key materials and equipment. As reported by Business Standard, Pradeep Aggarwal, founder and chairman of Signature Global, stated that the geopolitical situation in West Asia has severely disrupted global supply chains, leading to acute shortages of vital construction materials. The conflict has resulted in a 15-30% rise in construction costs since February this year, with labour costs seeing a 15-20% increase. According to market watchers, the cost of constructing buildings has also gone up due to increases in the prices of raw materials such as steel, cement, aluminium and fuel, as well as imported materials. The MoHUA advisory specifically notes that the conflict has disrupted global supply chains, driving up freight costs and creating shortages of construction inputs such as steel, aluminium, copper and tiles, making it harder for developers to stick to original construction schedules. Manish Agarwal, president of CREDAI Haryana, said the extension recognises the impact of global supply-chain disruptions, material shortages and higher input costs, while Adil Altaf, CEO of ANHAD Developers, noted the move would give developers 'crucial breathing room' to manage material shortages and logistics delays.
According to Business Standard, Ashok Singh Jaunapuria, managing director and CEO of SS Group, noted that while the real estate sector has demonstrated resilience, prolonged global disruptions can create challenges beyond the industry's control. Neeraj K Mishra, executive director at Ganga Realty, welcomed the Haryana RERA extension, stating it would provide developers with operational flexibility to maintain construction quality and ensure regulatory compliance. Legal experts emphasized that the extension may help protect homebuyers from possible insolvency risks, as stalled projects will now have an extended completion timeline. However, consumer groups have raised concerns about the blanket nature of the extension, noting that under normal RERA provisions, developers are required to compensate homebuyers for delays that are not justified, but a force majeure classification exempts developers from this liability. Ravi Kant, founder of Elegance Enterprises, stressed that the four-month relief should not be viewed as an open-ended delay, with developers still expected to communicate revised timelines to buyers. CREDAI NCR President Vishal Gupta welcomed the extension, stating it would substantially reduce procedural difficulties for eligible projects and provide much-needed certainty to the sector, while Secretary Nikhil Hawelia noted that the real estate sector has been facing significant challenges from disruptions in global supply chains.
As reported by Business Standard, Vaibhav Suri, partner at law firm Cyril Amarchand Mangaldas, clarified that developers cannot pass on higher construction costs to existing purchasers unless the agreement specifically provides for permissible price adjustment or the increase is due to statutory levies. The regulatory extension is intended to provide additional time for project completion while maintaining price protection for homebuyers under registered agreements. Developers remain confident that the timeline extension will provide financial relief to the sector, enabling them to safeguard project delivery and protect homebuyers' interests. However, the extension rests on Section 6 of the Real Estate (Regulation and Development) Act, 2016, which allows regulators to extend a project's registration on force majeure grounds, and the Department of Expenditure under the Ministry of Finance had already classified the West Asia situation as 'war' in an Office Memorandum dated April 29, 2026. The relief is intended specifically for delays arising from the circumstances covered by the force majeure framework and does not give developers a blanket exemption from their other RERA obligations.
