Section 6 of RERA : Section 6: Extension Of Registration

Explanation using Example

Imagine a scenario where a real estate developer, ABC Constructions, is working on a housing project called 'Sunrise Apartments'. The project was scheduled for completion by December 2022, and the registration under Section 5 of the Real Estate (Regulation and Development) Act, 2016, was accordingly granted. However, in August 2022, a massive flood hit the area, severely damaging the construction site and causing significant delays.

Due to this unforeseen natural disaster, which qualifies as a force majeure event, ABC Constructions finds it impossible to complete the project by the original deadline. They apply to the Real Estate Regulatory Authority, explaining the situation and providing evidence of the flood's impact on the project. They request an extension of the registration so they can complete the project without legal impediments.

The Authority reviews the application, and considering the circumstances, they decide to grant an extension of six months to finish the construction of 'Sunrise Apartments'. This decision is recorded in writing, stating the reasons for the extension. The extension is a relief for ABC Constructions, as it allows them additional time to overcome the challenges posed by the flood and complete the project without facing penalties or legal issues for the delay.