Bombay High Court on Thursday ruled out that all incomplete and ongoing projects to come under the Real Estate Regulatory Act (RERA).

Some States such as Haryana, Uttar Pradesh had kept ongoing projects out of RERA ambit. Housing and Urban Affairs Minister Hardeep Singh Puri said there is no scope to loosen the regulation for any realty project. The States have diluted the RERA Act, but will now have to comply.

The Court has authorized RERA Authority to grant an extension of time to developers on a case-to-case basis for projects who have still not complied with RERA.

The court said the authority must not cancel any project or developer’s registration where the delay has been caused due to exceptional or compelling circumstances. The developers should be given a chance, defaulting builders will not be spared.

Source: Money Control