Small developers turn to insolvency courts as land costs push distressed real estate into focus

Small developers turn to insolvency courts as land costs push distressed real estate into focus

Small and mid-sized developers are increasingly using insolvency proceedings to acquire distressed real estate companies as land prices soar in major cities. With projects, development rights and urban assets on offer, NCLT-approved deals are rising, but buyers face risks involving titles, approvals, litigation, liabilities and stalled project execution.