Labour department officials said relief had been provided by the Board in fees for renewal and fresh applications till November 30, 2020 in light of the ongoing Covid-19 pandemic.
The study done by IIM, Bangalore has estimated that states’ revenue won’t be hit due to this as they would generate more since several lakhs of additional houses are expected to be built under Housing For All (HFA) with direct or indirect central subsidies.
The real estate market has been one of the few consistent bright spots amid the gloom of the worsening coronavirus pandemic, with buyers aided by low mortgage rates snapping up properties despite the broader economic malaise.
Sahara, once the sponsor of India's national cricket team, has been embroiled in a battle with SEBI over repaying billions of dollars to investors who put their money in a bond scheme that was later ruled to be illegal.