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Homebuyers thwart India's quick fix for bad debt

Recent consumer-protection laws put thousands of homeowners on collision course with national mandate

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Apart from the bull on an empty road with unfinished residential buildings behind it at Jaypee Wish Town, there's nothing bullish about prospects for the sprawling 470-hectare site.

Mumbai

TWENTY-FOUR km east of India's capital lies Jaypee Wish Town, a sprawling 470-hectare site spotted with unfinished residential towers that embody the human cost of the nation's bad-loan mess and point to the difficulty of resolving it.

Jaypee Infratech Ltd, Wish Town's...

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