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    <title>Consider creating revival fund for stressed projects to safeguard homebuyers interests: SC to Centre</title>
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    <description>The State has a constitutional duty to protect the right to housing by preventing developer exploitation and ensuring timely project completion; this requires strengthening RERA enforcement and revitalising insolvency and tribunal infrastructure. The Union should consider establishing or expanding specialised revival financing mechanisms-such as an asset reconstruction vehicle or housing fund-to provide bridge and last mile financing for stressed projects undergoing insolvency resolution, with strict ring fencing and public performance audits. Complementary measures include dedicated IBC benches, filling tribunal vacancies, escrowed phased disbursement of allottee payments, and a consultative exercise to harmonise RERA rules.</description>
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      <description>The State has a constitutional duty to protect the right to housing by preventing developer exploitation and ensuring timely project completion; this requires strengthening RERA enforcement and revitalising insolvency and tribunal infrastructure. The Union should consider establishing or expanding specialised revival financing mechanisms-such as an asset reconstruction vehicle or housing fund-to provide bridge and last mile financing for stressed projects undergoing insolvency resolution, with strict ring fencing and public performance audits. Complementary measures include dedicated IBC benches, filling tribunal vacancies, escrowed phased disbursement of allottee payments, and a consultative exercise to harmonise RERA rules.</description>
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