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The Delhi High Court has asked the Enforcement Directorate to respond to Nayan Raheja's plea seeking the quashing of a 2022 money laundering case. The case concerns the delayed delivery of about 4,600 residential flats and allegations that homebuyer funds were diverted for non-construction purposes.
10:22 PMEconomic Times Realty
The Ministry of Housing and Urban Affairs has advised state RERA authorities to extend project registration and completion timelines by four months for eligible real estate projects affected by disruptions in West Asia. The measure covers projects whose completion, revised completion, or extended completion date falls on or after February 28, 2026.
6:41 AMEconomic Times RealtySummary
The Delhi High Court has asked the Enforcement Directorate to respond to Nayan Raheja's plea seeking the quashing of a 2022 money laundering case. The case concerns the delayed delivery of about 4,600 residential flats and allegations that homebuyer funds were diverted for non-construction purposes.
The immediate shift is procedural: the court is testing the basis of the case before
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The hearing could influence accountability for alleged misuse of homebuyers' funds and the prospects of relief for affected purchasers.
Summary
The Ministry of Housing and Urban Affairs has advised state RERA authorities to extend project registration and completion timelines by four months for eligible real estate projects affected by disruptions in West Asia. The measure covers projects whose completion, revised completion, or extended completion date falls on or after February 28, 2026.
The advisory gives qualifying developers additional time without requiring each project to seek separate relief
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The move shifts some disruption risk from developers to project timelines, offering relief to builders while delaying certainty for buyers.
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