Representative image
NOIDA: Developers of nearly 900 projects incomplete and under-construction that suffered due to the pandemic will be given an extension of six months for completion, Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) secretary Rajesh Kumar Tyagi said on Monday.
The deadline extension was announced by the state government during the lockdown, but the policy initially covered only those projects that were due in 2020. However, Tyagi said builders of all projects that were under construction on March 26 last year or later will get the benefit, regardless of the scheduled year of completion.
Halt in construction activities across the city due to the lockdown announced in March last year led to a mass exodus of labourers. In Gautam Budh Nagar, which is a dense construction hub of realty projects, a few builders managed to retain only around 40,000 workers. Before the pandemic outbreak, the district had around four to five lakh labourers working at c