IBBI strengthens real estate insolvency resolution with new amendments. Focus on project-wise treatment, enhanced disclosures, and stronger homebuyer participation.
Key Points
- IBBI amended regulations to expedite and strengthen real estate insolvency resolution.
- New rules mandate project-wise financial management, technical assessments, and enhanced disclosures.
- The amendments aim to boost homebuyer participation and ensure their concerns are addressed.
- Project-wise treatment will minimize disruption to completed units and focus resolution efforts.
- Resolution plans must now include clear project-wise timelines for completion and delivery.
New Delhi, Oct 31 (PTI) To expedite real estate insolvencies, regulator IBBI has notified amendments to…