IBC brings stalled homes back to life amid delays
Mumbai: Over 1.4 lakh Indian homebuyers have made progress toward receiving possession of their stalled real estate projects thanks to the country's Insolvency and Bankruptcy Code (IBC), according to analysts and industry officials. The IBC has enabled financially strong developers, such as Adani Realty and Lodha, to revive distressed developments by injecting fresh capital and execution capabilities.
Despite this, nearly 2.5 lakh buyers remain tied up in 553 real estate insolvency cases, with only about 17% of cases successfully resolved so far.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
