Published on : 07 Nov 2025, 1:31 pm 5 min read

In 2016, the legislature responded to the real estate sector’s crisis of confidence with two major reforms: the Real Estate (Regulation and Development) Act (RERA) and the Insolvency and Bankruptcy Code (IBC) . Both sought to stabilise a collapsing system, but with distinct purposes.

RERA was crafted as a homebuyer protection statute: mandating registration, disclosure and timely completion of projects to protect individuals who had invested their life savings in the dream of home ownership.

The IBC, conversely, was a macroeconomic reform, designed to revive the credit ecosystem by ensuring an efficient mechanism for corporate insolvency. It viewed companies as economic entities whose financial distress could ripple through the

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