The Insolvency and Bankruptcy Board of India (IBBI) proposes changes to streamline real estate bankruptcy proceedings, protecting homeowners and offering solutions for stalled projects. These include registering projects with RERA and excluding homeowner properties from liquidation.
Bangalore's real estate market is recovering post-demonetisation, with rising luxury and affordable housing demands driven by a growing population of HNWIs.
The Land Acquisition Bill aims to streamline land acquisition, potentially impacting property prices. While promising greater rights for farmers, it increases costs for industries. Debate continues, with the government seeking consensus amid opposition concerns.