The Daily Brief The Supreme Court wants to fix India’s real estate
13 snips
Sep 17, 2025 A landmark ruling by India's Supreme Court has emerged, categorizing housing as a fundamental right and pushing for significant reforms in the real estate sector. The court's focus is on protecting genuine homebuyers while enhancing the insolvency processes for developers. In another segment, the podcast dives into the challenges facing the hydrogen industry, weighing its potential as a renewable fuel against production inefficiencies and compliance hurdles. These discussions shed light on both real estate and energy futures.
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Housing Recognized As A Fundamental Right
- The Supreme Court declared housing a fundamental right and pushed for systemic reform beyond the original bankruptcy cases.
- This reframes housing delivery as a government responsibility, not just a consumer dispute.
RERA Improved Oversight But Has Limits
- RERA created specialist forums to prevent developer malpractice and improve accountability in projects.
- But RERA couldn't protect buyers when developers ran out of money and projects stalled.
Buybacks Masquerading As Home Purchases
- One buyer paid Rs 35 lakh in a buyback scheme promising Rs 1 crore after a year with post-dated checks.
- The court found such deals were investment schemes disguised as home purchases and barred them from insolvency claims.