Proposed amendments to India's Insolvency and Bankruptcy Code (IBC) are seen as encouraging, potentially improving recovery rates and reducing resolution times. However, credit rating agency ICRA notes these changes overlook critical structural issues within the real estate sector. Despite real estate having the second-highest share of insolvency cases, sector-specific reforms are absent, limiting the benefits primarily to non-real estate cases. ICRA emphasizes the continued need for tailored real estate reforms to protect homebuyers and resolve stalled projects.