Application For Registration Of Real Estate Project Deemed To Be Approved If No Decision Taken By RERA In 30 Days: Allahabad High Court Grants Relief To L&T

The Allahabad High Court ruled that applications for the registration of real estate projects will be deemed approved if the Real Estate Regulatory Authority (RERA) does not decide within 30 days. This decision provides relief to L&T, allowing for smoother operations in the real estate sector by removing unnecessary delays. The ruling underscores the importance of timely responses from regulatory bodies, emphasizing that excessive waiting periods can hinder project execution and investment in real estate, which is crucial for economic growth.