Panel moots relief for home buyers of stalled projects

An expert committee on reviving stalled real estate projects has proposed several measures, including changes to the insolvency law and a moratorium on payment to land-owning authorities affected by “unusual circumstances” (four years in case of Noida properties) to help improve the finances of builders so that they can complete and hand over apartments to homebuyers.

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An expert committee on reviving stalled real estate projects has proposed several measures, including changes to the insolvency law and a moratorium on payment to land-owning authorities affected by “unusual circumstances” (four years in case of Noida properties) to help improve the finances of builders so that they can complete and hand over apartments to homebuyers.