Phoenix ARC, backed by Kotak Mahindra Bank, bought two stressed loans for ₹1,800 crore from IIFL, committing to an 83% recovery rate for the Fairfax-supported non-bank lender. The ₹1,500 crore acquisition was made in an open auction, with Phoenix ARC being the lone bidder.

Bandhan Bank will sell its ₹775-crore affordable house loan portfolio to Avenue Capital-backed Arcil for ₹280 crore. A planned cash transaction by the bank addresses financial challenges for low-income households struggling to repay housing loans of ₹10-12 lakh.

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

The state-owned Indian Bank sold ₹610 crore in bad loans to simplify its financial portfolio. The bank plans to straighten up its accounts by the end of the year. Real estate and international trade debts are sold.

Square Yards' asset management division, PropsAMC, has helped many individuals become homes. Helping over 300 homeowners settle their legal challenges, it recovered Rs 100 crore of invested capital.

As lenders grapple to recover their investments from the debt-stricken retailer, the focus has shifted to the potential recovery through the asset held by Bansi Mall Management Co Pvt Ltd (BMMCPL), a subsidiary under the umbrella of the Future Group.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act) is an essential piece of legislation that provides an effective legal framework for the recovery of defaulted loans in India.

MahaRERA has issued recovery orders for approximately Rs 15 crore in Raigad district. Recovery orders are issued when promoters fail to pay MahaRERA interest, refund, or compensation.

The recovery has been so strong that India's Grade A office market across the top seven cities is on track to exceed 1 billion square feet by 2026.

It is definitely not a secret that the real estate industry in India has gone through a lot of stress in the recent past and is still in the midst of a recovery. It does require all the support that it can and this budget could be a turning point.