Top court issues 12 directions to protect genuine buyers, strengthen tribunals, restore credibility in real estate market. Directions as court hears case of abuse of Insolvency & Bankruptcy Code.
Review has been planned amid growing calls for amendment of law governing RERA by current, old members to assure more powers for the body & to address homebuyers’ concerns, it is learnt.
Of 32 states & UTs with Real Estate Regulatory Authorities, at least 25 are headed by retd civil servants. SC remarked last month that RERAs are 'rehabilitation centre' for ex-officers.
IEA projects sharp reversal from its earlier expectations, with global demand for oil in 2026 turning negative. Hormuz disruptions have pushed crude prices to $130 per barrel.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
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