Supreme Court Provides Relief to Homebuyers, Exempts Unitech Housing Projects from RERA Registration

The Supreme Court of India intervened to aid homebuyers affected by Unitech Ltd.’s financial troubles and project delays. The court granted an exemption from RERA registration for Unitech’s housing projects, facilitating stalled loan disbursements and appointing government oversight to address ongoing issues, ensuring faster project completion and accountability for past mismanagement.