Govt. and IBBI Plan Reforms to Protect Homebuyers

The government and a financial regulator are working on new rules to help people who buy homes.

This is because if a builder goes bankrupt, people can lose their homes even if they're still paying for them.

The Supreme Court said having a place to live is a basic right.

The changes could include letting buyers register their homes sooner, making sure each project is handled separately during bankruptcy, and making sure banks and authorities work together better.

They also want to ensure projects get finished and to stop unfair practices in the real estate market.