The NCLT has admitted Katra Realtors, an Ansal API affiliate, into insolvency proceedings after a ₹23 crore corporate guarantee was invoked following prolonged loan default.

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.

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.

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