Real EstateMarket hours
IBBI proposes protection for realty projects to aid homebuyers
market hours1 source ↓written by the desknot a recommendation
The Insolvency and Bankruptcy Board of India (IBBI) plans to protect performing real estate projects from insolvency issues related to developers' other defaults. This move aims to safeguard homebuyers' interests and could reduce the burden on bankruptcy courts, which are currently overwhelmed by real estate insolvency cases. 🏠💼
The proposed framework would allow individual project-level insolvency resolutions, marking a significant shift from the current company-level approach.
Not investment advice. For informational purposes only.