New Delhi, Dec. 1 -- The government will take up real estate-focused bankruptcy reforms separately, keeping them out of the Insolvency and Bankruptcy Code (IBC) amendments likely to be introduced in Parliament either during the Winter Session starting today or in the budget session, two people aware of the matter said.

The decision means structural reforms aimed at protecting homebuyers and resolving stuck housing projects - a major stress point in India's insolvency ecosystem - will wait longer. These measures were expected to address delays and low recovery rates in realty bankruptcies.

The ministry of corporate affairs is prioritizing insolvency law amendments that are already in an advanced stage, while real estate-focused reforms w...