Buyers are increasingly using the Insolvency and Bankruptcy Code (IBC) to acquire urban real estate assets in India's major metropolitan markets due to tightening land availability and intense competition. This framework facilitates ownership transitions and land consolidation, offering buyers greater certainty on title, approvals, and timelines compared to conventional deals. Developers are attracted to these assets for clean ownership, free of legacy liabilities and often at competitive valuations, with a significant number of real estate companies entering insolvency proceedings.