The NCLAT has set aside the NCLT's insolvency order against Mahagun India Pvt Ltd, citing procedural lapses and directing a fresh project-specific hearing. The decision brings relief to thousands of homebuyers in non-defaulting projects.

A leading homebuyers' association has urged the Union Housing Ministry to address enforcement gaps in RERA, proposing stricter SOPs to protect buyers from incomplete amenities, defaulting developers, and payment risks.

Nearly a decade after RERA's introduction, Indian homebuyers continue battling project delays, poor construction quality, and broken developer promises, with regulatory enforcement remaining weak and inconsistent across states.

The Noida Authority has initiated strict measures to cancel allotments of residential plots lying vacant for over 12 years while blocking registries for 5,758 housing units due to unpaid developer dues, marking a decisive crackdown on land hoarding.

MahaRERA recovered over Rs 140 crore this year from developers who delayed flat deliveries, distressing homeowners. This is one of India's greatest real estate regulator recoveries. MahaRERA has filed 1,123 warrants this year to collect about Rs 764 crore from developers, threatening to freeze bank