Section 6 “Extension of registration” – The Real Estate (Regulation and Development Act, 2016)
The Section 6 as published and in force today is a reprint of Clause 6 that was laid before by the Selected Committee. In its report, the Select Committee envisioned two types of extensions:
Extending due to force majeure and
Extensions under reasonable circumstances, as determined by the Authority, but always in writing and not to exceed one year in aggregate.
Let us understand that in detail
The registration granted under section 5 may be extended by the Authority on an application made by the promoter due to force majeure, in such form and on payment of such fee as may be specified by regulations made by the Authority:
Provided that the Authority may in reasonable circumstances, without default on the part of the promoter, based on the facts of each case, and for reasons to be recorded in writing, extend the registration granted to a project for such time as it considers necessary, which shall, in aggregate, not exceed one year.
Provided further that no application for extension of registration shall be rejected unless the applicant has been given an opportunity of being heard in the matter.
The definition of ‘Force Majeure’, the expression “force majeure” shall mean a case of war, flood, drought, fire, cyclone, earthquake, or any other calamity caused by nature affecting the regular development of the real estate project. Source:Gujarat RERA, Version 2.0
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Kishan Thakkar is working as a writer for the real estate and architecture industry. His experience includes working for various reputed firms. He is currently pursuing MBA in Business Management and handling operations for The Real Talks platform. He has a penchant for research, analysis, and understanding various fields. Discipline is the key to balance his diversified interest and work routine.