Revival and Completion of Stalled Residential Real Estate Projects in India
Sector: Bridge • Location: India
Source: Hindustan Times
The Supreme Court of India has emphasized the need to ensure timely completion of stalled residential real estate projects to protect genuine homebuyers. It proposed establishing a framework to prevent developers from defrauding homebuyers and suggested the creation of a body corporate similar to the National Asset Reconstruction Company Ltd (NARCL) to identify, take over, and complete stalled pro
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The Supreme Court of India has emphasized the need to ensure timely completion of stalled residential real estate projects to protect genuine homebuyers. It proposed establishing a framework to prevent developers from defrauding homebuyers and suggested the creation of a body corporate similar to the National Asset Reconstruction Company Ltd (NARCL) to identify, take over, and complete stalled projects under the Insolvency and Bankruptcy Code, 2016. The court also recommended expanding the SWAMIH Fund to provide bridge financing for stressed projects undergoing Corporate Insolvency Resolution Process (CIRP). |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |