Jaypee Infratech Ltd.’s Wish Town near New Delhi, has 25,000 stranded customers. The builder is facing bankruptcy.(Virendra Singh Gosain/HT PHOTO)

Treating stranded homebuyers as financial creditors is a fair, brave decision | Opinion

By Andy Mukherjee | Bloomberg
UPDATED ON JUN 11, 2018 12:20 PM IST
Hapless homebuyers left without apartments by debt-stressed builders will have their status raised to that of financial creditors. That’s highly unusual by global standards. It’s a bold innovation, worthy of emulation by other rapidly urbanising economies.
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