Real estate insolvency resolution undergoes a critical pivot as the IBBI recommends a project-centric framework to ensure stalled housing projects finish.

Maharashtra Real Estate Regulatory Authority has launched a new Standard Operating Procedure ensuring homebuyers receive compensation within 60 days, with strict enforcement measures including potential imprisonment for defaulting developers.

HRERA mandates Ocean Seven Buildtech to pay 11.10% annual interest to OSB Expressway Towers buyers for eight-year possession delay, rejecting developer's excuses and enforcing strict compliance measures.