Chandigarh July 6: While extending relief measures for the Real Estate Industry due to disruptions caused by COVID-19, the Haryana Government has decided to grant moratorium on compliances and interest payments for seven months from March 1, 2020 to September 30, 2020 for all existing projects of CLUs, licenses etc. Moratorium period shall imply that such intervening period from March 1, 2020 to September 30, 2020 will be considered as zero period.

A decision to this effect was taken in the meeting of the State Cabinet which met under the Chairmanship of Chief Minister, Mr Manohar Lal here today.

The permission or payment cases for which moratorium will be allowed include Letter Of Intent for CLU as well as licence cases, license and CLU validity, license renewal and CLU extension, payment of fee and charges, bank guarantee and deed of declaration as per Haryana Apartment Ownership Act, 1983.