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Explainer: How SC ruling can reshape housing sector

Declaring housing as a fundamental right, apex court has issued a slew of directions in favour of homebuyers. Will these prove to be effective?

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The recent ruling of the Supreme Court distinguishing between speculative investors and actual homebuyers, and defining the role of regulatory authorities, is a huge step forward to smoothen the ruffled edges of the real estate sector. Istock

DELAYED projects, defaulting builders, a toothless regulatory authority, sky-rocketing prices, cash transactions and millions of home-seekers following the mirage of a dream house, aptly describe the real estate landscape in India. In this backdrop, the recent ruling of the Supreme Court distinguishing between speculative investors and actual homebuyers, and defining the role of regulatory authorities, is a huge step forward to smoothen the ruffled edges of the real estate sector.

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