CREDAI welcomes Bengal realty reforms; seeks 8-month force majeure relief

CREDAI West Bengal welcomes the state government's proposed Standard Operating Procedure for building safety. Developers requested an eight-month extension for project approvals and completion validity. Scrutiny of 585 of 706 identified projects for mandatory audit has been completed. The association assured cooperation with the government in scrutinizing pending projects. This initiative aims to boost investor confidence and restart construction activity.