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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

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.


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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