The Insolvency and Bankruptcy Board of India (IBBI) has rolled out a key directive compelling resolution professionals to record every homebuyer's details in stalled real estate projects under insolvency, even if claims weren't filed on time. This shields genuine buyers from losses. Plus, those already holding units can finish builds with their own cash, keeping properties out of liquidation...
Panchkula RERA introduces an online dispute resolution platform to streamline the complaint process and reduce case backlogs, providing faster resolutions for real estate disputes.
Maharashtra faces significant cost overruns due to delayed infrastructure projects, prompting the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation, and Resettlement (Amendment) Bill, 2022 to be introduced for faster project completion.
The High Court reviewed a rejected petition regarding land acquisition for National Highway No. 29, determining compensation amounts and land ownership structures.