Gujarat's real estate regulator has made an unprecedented appeal to the state government to intervene in the stalled World Trade Centre project at GIFT City, as thousands of investors face uncertainty over incomplete towers and frozen funds.

MahaRERA has frozen 1,950 project accounts across Maharashtra in a crackdown on non-compliant developers, aiming to enforce accountability and protect homebuyers affected by delays and incomplete projects.

Proposed IBC reforms by IBBI aim to resolve delays, ensure fair claims, and enhance transparency, offering relief to homebuyers and strengthening the real estate resolution framework.