Revamping Indian Real Estate: How Amendments To Insolvency Laws Promote Resolving Projects?
From an optimistic future outlook, the Indian real estate market appears bright. According to a Concorde analysis, the real estate industry is expected to develop at a strong 9.2% CAGR between 2023 and 2028. By 2030, the Indian real estate market is projected to be worth US$1 trillion, and by 2025, it is anticipated to account for 13% of the nation’s GDP.
However, the Indian real estate sector has long grappled with challenges ranging from delayed projects to disputes between developers and homebuyers. Amidst this backdrop, amendments to India’s insolvency laws have emerged as a potential game-changer in transforming the real estate landscape.
