+
Study urges legal reforms for efficient real estate IBC cases
Real Estate

Study urges legal reforms for efficient real estate IBC cases

A recent study emphasises the urgent need for legal reforms to improve the efficiency of resolving real estate cases under the Insolvency and Bankruptcy Code (IBC). The current legal framework, according to the study, falls short in addressing the complexities unique to the real estate sector, leading to prolonged litigation and delayed resolutions.

The study points out that real estate projects typically involve a multitude of stakeholders, such as homebuyers, lenders, and developers, each with different and often conflicting interests. This complexity makes the resolution process under the IBC particularly challenging, resulting in lengthy legal proceedings and project delays. To address these issues, the study suggests specific legal reforms.

Among the key recommendations are the creation of specialised tribunals dedicated to handling real estate insolvency cases and amendments to the IBC that prioritise the interests of homebuyers. Enhanced dispute resolution mechanisms are also proposed to make the process more transparent and efficient. These changes aim to ensure fair and timely resolutions that protect the interests of all parties involved.

The study also highlights the importance of recognizing homebuyers as financial creditors under the IBC. This recognition would expedite project completions and safeguard the investments of individual buyers. Additionally, the study calls for better coordination between regulatory bodies and the judiciary to avoid jurisdictional conflicts and streamline case management.

In summary, the study underscores the critical need for targeted legal reforms tailored to the real estate sector within the insolvency framework. Implementing these measures could significantly enhance the resolution of real estate insolvency cases, benefiting stakeholders and contributing to the sector's stability and growth.

A recent study emphasises the urgent need for legal reforms to improve the efficiency of resolving real estate cases under the Insolvency and Bankruptcy Code (IBC). The current legal framework, according to the study, falls short in addressing the complexities unique to the real estate sector, leading to prolonged litigation and delayed resolutions. The study points out that real estate projects typically involve a multitude of stakeholders, such as homebuyers, lenders, and developers, each with different and often conflicting interests. This complexity makes the resolution process under the IBC particularly challenging, resulting in lengthy legal proceedings and project delays. To address these issues, the study suggests specific legal reforms. Among the key recommendations are the creation of specialised tribunals dedicated to handling real estate insolvency cases and amendments to the IBC that prioritise the interests of homebuyers. Enhanced dispute resolution mechanisms are also proposed to make the process more transparent and efficient. These changes aim to ensure fair and timely resolutions that protect the interests of all parties involved. The study also highlights the importance of recognizing homebuyers as financial creditors under the IBC. This recognition would expedite project completions and safeguard the investments of individual buyers. Additionally, the study calls for better coordination between regulatory bodies and the judiciary to avoid jurisdictional conflicts and streamline case management. In summary, the study underscores the critical need for targeted legal reforms tailored to the real estate sector within the insolvency framework. Implementing these measures could significantly enhance the resolution of real estate insolvency cases, benefiting stakeholders and contributing to the sector's stability and growth.

Next Story
Real Estate

Concorde Buys Land in Hennur for Rs 5 billion Housing Project

Concorde has acquired a 3-acre land parcel in Hennur, North Bengaluru, for a premium high-rise residential development. With a total saleable built-up area of approximately 4.25 lakh sq ft, the project carries a Gross Development Value (GDV) of around Rs 5 billion and is expected to be launched in FY 2026–27. The upcoming project will comprise thoughtfully designed 2 and 3 BHK residences, catering to urban homebuyers seeking quality, connectivity, and community. It marks Concorde’s continued expansion in the high-demand North Bengaluru corridor. “This investment underlines our ..

Next Story
Building Material

Shree Cement Appoints Jay Mukhopadhyay as Safety Head

Shree Cement, one of India’s leading cement manufacturers, has appointed Jay Mukhopadhyay as its Corporate Safety Head. With over 30 years of experience in Health, Safety & Environment (HSE), Mukhopadhyay brings strong expertise in embedding safety into corporate culture.He has previously led large-scale safety programs and is recognised for driving people-first, compliance-oriented safety systems across industrial operations.At Shree Cement, Mukhopadhyay will spearhead safety strategy across all plants and project sites. His focus will include developing unified safety frameworks, promo..

Next Story
Infrastructure Urban

REC Reports Record Quarterly Profit of Rs 4,451 Crore

REC has reported its highest-ever quarterly profit, with net profit reaching Rs 4,451 crore for the quarter ended June 30, 2025. The Board of Directors approved the standalone and consolidated financial results for Q1 FY26.Key Highlights – Q1 FY26 vs Q1 FY25 (Standalone):• Disbursements rose by 36 per cent to Rs 59,508 crore• Total income increased 13 per cent to Rs 14,734 crore• Net interest income climbed 17 per cent to Rs 5,247 crore• Net profit grew 29 per cent to Rs 4,451 crore• Return on net worth improved by 312 bps to 22.63 per centThe company sustained strong growth across..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?