The Insolvency and Bankruptcy Code (IBC), introduced in 2016, was designed to streamline insolvency proceedings and protect the interests of all stakeholders. However, in the real estate sector, the application of IBC has revealed certain challenges that often lead to delays, financial burdens, and significant stress for homebuyers and investors. In this blog, we will explore how the misuse of IBC...
The Real Estate (Regulation and Development) Act, 2016 (RERA), was introduced to bring much-needed transparency and accountability to the real estate sector in India. While it has empowered homebuyers to a significant extent, there’s still a glaring issue that remains unaddressed: accountability for real estate projects is limited almost exclusively to the promoter. This leaves homebuyers vulnerable...
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