Webinar :Register now for Commodity Ki Paathshala webinar on ‘FPOs & Agriculture Marketing-The Beginning of a New Era’ on January 22, 4pm

Coronavirus impact | UP RERA extends deadline of real estate projects by three months

The Authority has also decided to defer the hearings of all the complaints listed till May 3, 2020

After MahaRERA and Karnataka RERA, UP RERA on April 14 extended the validity period of registration of real estate projects in the state by three months on account of COVID-19.

“In view of the dislocation of the construction activity under the real estate projects, CREDAI and NAREDCO have requested the Authority to extend the completion date of the projects as done by some other state RERAs,” UP RERA said in a statement.

In view of the slow pace of construction work due to the need for social distancing and movement restrictions and stoppage of the work following the national lockdown in March, the Authority has decided to extend by three months the date of completion of the projects with the date of completion between March 15, 2020 and December 31, 2020, it said.

The revised registration certificate of such projects will be issued separately and send to the concern promoters, the authority said in a statement.


COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more

It has also decided to defer the hearings of all the complaints listed till May 3, 2020. “Fresh dates would be communicated to the parties later,” it said.

It will be conducting the hearings of the complaints through video conferencing after May 3 or when the lockdown conditions are relaxed.

Track this blog for latest updates on the coronavirus outbreak

“Under this arrangement the Authority will be scheduling 10-15 complaints before each of the benches at Lucknow and Gautam Buddh Nagar after intimating the parties about the revised schedule. Only those parties will be able to participate in virtual hearing which download the suggested Apps on their mobile phones/laptops/desktops supported by audio-visual system. None of the parties or the representatives will be allowed to appear before the bench,” it said.

Last week, UP RERA had told Moneycontrol that the Authority is expected to take a decision on extending delivery timelines of real estate projects soon and is currently awaiting clarity on the duration of the lockdown.

“There has been a complete lockdown and naturally all deadlines will get affected. Having said that, there is a need for clarity on the duration - the effect and how long it will last - before a decision is taken. At this stage putting any period is ad hoc. So we would wait for a while as one thing is certain that nothing is happening during the lockdown,” UP RERA Chairperson Rajiv Kumar told Moneycontrol.

Prime Minister Narendra Modi on April 14 extended the countrywide lockdown till May 3.

Follow our full coverage of the coronavirus outbreak here
Vandana Ramnani
first published: Apr 14, 2020 08:54 pm

stay updated

Get Daily News on your Browser