Home buyers are increasingly resorting to bailing out stuck real estate projects which the developers are unable to deliver for want of funds.
The amended Bankruptcy Law, which treats homebuyers on a par with secured financial creditors, is also facilitating this trend.
Industry experts see it as a win-win situation for both buyers and developers. According to them, for buyers, the uncertainty will end and for the developers, the much needed financial support will be made available.
