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Welcome to Legal Update. In a landmark judgment, the Supreme Court of India declared that the right to housing is a fundamental right under Article 21 of the Constitution. The Court also urged the Union Government to create a revival fund for stressed real estate projects facing insolvency. This significant ruling aims to protect genuine homebuyers and prevent the liquidation of viable real estate projects. It establishes a legal precedent that speculative investors cannot misuse the Insolvency and Bankruptcy Code (IBC) for profit. The Court stressed the government’s constitutional duty to safeguard homebuyers' interests and ensure stability in the housing sector.

This legal update is crucial for those preparing for judicial services exams such as DJSE (Delhi Judicial Services Exam), HCS Judicial Exam (Haryana Civil Services Judicial Exam), H.P. JS (Himachal Pradesh Judicial Service Exam), KJSE (Kerala Judicial Service Exam), PCS-J Exam (Punjab Civil Services Judicial Exam), and other related exams.

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