[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Chi Yun In staff of Kamaindia Pvt. Ltd.
Here I have an important Indian economic news to share with you which is as undermentioned.
A paper by industry lobby Assocham surmises that the Insolvency and Bankruptcy Code and the Real Estate (Regulation and Development) Act are pitted against each other, with the former offering relief to lenders and the RERA protecting home buyers. The surmise is not incorrect, but this contradiction can be easily resolved. All that is required is to bring the two laws in sync with each other. For this, the government must amend the IBC to recognise the legitimate claim of home buyers. After all, ..
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