๐ฌ๐ผ๐๐ฟ ๐ฏ๐๐ถ๐น๐ฑ๐ฒ๐ฟ ๐ท๐๐๐ ๐ฑ๐ฒ๐ฐ๐น๐ฎ๐ฟ๐ฒ๐ฑ ๐ฏ๐ฎ๐ป๐ธ๐ฟ๐๐ฝ๐๐ฐ๐.
Construction stops. Site is sealed. Your EMI continues.
This is not rare. And itโs why weโre doing ๐๐ฒ๐๐ผ๐ป๐ฑ ๐๐ต๐ฒ ๐๐ฟ๐ผ๐ฐ๐ต๐๐ฟ๐ฒ: ๐๐ฒ.
๐ช๐ต๐ ๐ฑ๐ผ๐ฒ๐ ๐ถ๐ ๐ต๐ฎ๐ฝ๐ฝ๐ฒ๐ป?
- It starts with over-leverage โ money from Project A quietly fuels Project B.
- Sales slow down. Costs creep up. Loan repayments falter.
- Before long, the builder is in a debt spiral, and the only way out? Filing for insolvency under the IBC.
๐ช๐ต๐ฎ๐ ๐ฝ๐ฟ๐ผ๐๐ฒ๐ฐ๐๐ถ๐ผ๐ป๐ ๐ฑ๐ผ๐ฒ๐ ๐ฅ๐๐ฅ๐ ๐ผ๐ณ๐ณ๐ฒ๐ฟ?
- 70% of buyer money must go into an escrow account, to be used only for that project.
- Builders can't withdraw freely, which reduces misuse โ but enforcement varies across states.
If your builder goes bankrupt:
- The case moves to ๐ก๐๐๐ง, and a Resolution Professional (RP) takes charge.
๐ฌ๐ผ๐๐ฟ ๐ผ๐ฝ๐๐ถ๐ผ๐ป๐:
- Another developer steps in โ but may ask buyers for additional funds to finish the work.
- Assets are sold โ you recover partial money (if available).
- Worst case: no buyer, no assets to liquidate โ your money may be stuck indefinitely.
๐ช๐ต๐ฎ๐ ๐ฐ๐ฎ๐ป ๐๐ผ๐ ๐ฑ๐ผ?
Buyers arenโt powerless.
- Forming a group gives strength โ collective action holds weight in court.
- File complaints under RERA, join NCLT proceedings, and push for either a new developer or government-backed resolution.
๐๐ผ๐๐๐ผ๐บ ๐น๐ถ๐ป๐ฒ:
Before booking, check:
- RERA registration
- Past projects
- Debt exposure
- Buyer reviews
Because in real estate, delivery risk is real โ and often hidden behind glossy brochures.
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