The Insolvency and Bankruptcy Board of India (IBBI) suggests granting ownership to debt-free purchasers who already own their property during the insolvent real estate firm's bankruptcy settlement. However, the committee of creditors must approve this plan.

10 Steps to Ensure a Profitable Deal While Buying a Home

Asha Mukul Agrawal, a distinguished director at Param Capital, a leading capital market trading and investment firm, purchased three luxurious apartments in Lodha Malabar, Mumbai, for Rs 263 crore.

Two directors of Kandoi Textiles, a maker and exporter of packaging fabrics and bags, have purchased four sea-facing luxury residences in Walkeshwar, South Mumbai for Rs. 217 crore

Nalin Gupta, the managing director of the Civil Engineering firm J Kumar Infraprojects Ltd, has acquired two neighbouring homes in the exclusive Mumbai neighbourhood of Juhu for a total of INR 50 crore.

According to records obtained by Zapkey.com, Aakash Chaudhry of Aakash Educational Services Limited has purchased a property in Chanakyapuri, Delhi, for Rs 137 crore.

According to established real estate sources in Mumbai, Siddharth Jain, director of INOX Leisure, has purchased a quadruplex apartment in Worli, one of Mumbai's upmarket neighbourhoods, for Rs 144 crore.