India’s insolvency framework for real estate is showing mixed outcomes nearly nine years after the rollout of the Insolvency and Bankruptcy Code (IBC), with a large proportion of cases still pending and thousands of homebuyers awaiting closure.
According a committee report, 553 real estate corporate insolvency resolution processes (CIRPs) had been admitted under the IBC as of September 30, 2025, reflecting the scale of financial stress in the sector and its deep linkages with household savings and housing demand.
Resolution remains limited
Of the total cases, only 95 have been successfully resolved, accounting for just over 17% of admitted cases. These resolutions have directly impacted around 1.40 lakh homebuyers,…