issuing a presidential ordinance to amend the insolvency and bankruptcy code ibc to protect rights and interest of homebuyers in logjammed projects building projects with a built up area above 20000 sqm should obtain an ec from seiaa officials with town planning wing say that it is a good move from seiaa given the past experiences where construction projects with enormous built up areas often led to severe traffic congestion in the city in key policy rates by the rbi this month after the roll out of the real estate regulatory act in the june quarter dlf said there was uncertainty in the market as each state followed a different timetable for adoption of the central law and framing of their rules the introduction of gst from july 1 also added to the uncertainty resulting in elongation of sales cycle backend integration challenges continued as it was dependent upon the timing of the gst registrations of the vendors also the company is fully compliant with gst regime dlf said mjh mr