The Insolvency and Bankruptcy Board of India (IBBI) has released a report advocating for a project-wise approach to insolvency in the real estate sector. This recommendation is aimed at shifting from an entity-centric framework to a project-centric model, treating each real estate project as an independent economic unit for insolvency admission and resolution. The report, submitted on April 7, 2026, outlines 155 recommendations addressing 55 key issues affecting real estate insolvency, with a focus on enhancing efficiency and ensuring timely project completion. The committee emphasizes that the ultimate goal should be the delivery of homes and restoration of trust among homebuyers, rather than merely financial recovery. Furthermore, it advises against the 'reverse Corporate Insolvency Resolution Process (CIRP)', which allows existing promoters to complete insolvent projects, advocating instead for professional management of such cases. The report also stresses the need for stronger coordination between the Insolvency and Bankruptcy Code (IBC) and the Real Estate (Regulation and Development) Act, 2016, to better protect stakeholders' interests and facilitate project completion.