HomeUrban NewsBangaloreBengaluru Flat Owners Cry Foul Over Property Rights

Bengaluru Flat Owners Cry Foul Over Property Rights

Bengaluru’s flat owners are demanding urgent legal reforms to protect their property rights amidst mounting uncertainty regarding title, ownership, and maintenance of group-housing residential properties. Associations representing flat owners have raised concerns about builders exploiting loopholes in existing laws to retain control over undivided land, allowing them to mortgage the land, construct additional structures, and claim compensation during property acquisitions.

The Bangalore Apartments Federation (BAF) has appealed to Deputy Chief Minister DK Shivakumar, urging the government to expedite legal reforms. “There are significant gaps in the Karnataka Apartment Ownership Act (KAOA), 1972, that need to be fixed,” said BAF President Vikram Rai. “We had represented the problem to the government last year, but the committee to address this issue hasn’t been formed yet.” Legal experts and flat owners’ associations have long criticized the existing laws, arguing that they benefit certain lobbies at the expense of homeowners.

The current legal framework in Karnataka comprises the KAOA, 1972; the Karnataka Ownership Flats (Regulation of the Promotion of Construction, Sale, Management, and Transfer) Act (KOFRA), 1972; and the Real Estate (Regulation and Development) Act (RERA), 2016. The call for legal reforms highlights the urgent need for a comprehensive and clear legislative framework to safeguard property rights and ensure fair practices in the real estate sector. The state government’s response to these demands will be crucial in addressing the ongoing challenges faced by flat owners and ensuring transparency and accountability in property transactions.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Western India Housing Venture Signals Expansion

Western India Housing Venture Signals Expansion

A new real estate joint venture with a planned development pipeline valued at around ₹5,000 crore signals growing investor confidence in India's organised property...
Pune Residential Growth Shifts Across Corridors

Pune Residential Growth Shifts Across Corridors

The Western Pune micro markets are entering a new phase of residential expansion as housing demand extends beyond established neighbourhoods into emerging urban corridors....
Noida Flexible Workspace Expands Commercial Capacity

Noida Flexible Workspace Expands Commercial Capacity

A major Noida flexible workspace expansion in the National Capital Region is reinforcing the city's emergence as one of India's fastest-growing commercial office destinations....
Bengaluru Office Leasing Reflects Technology Expansion

Bengaluru Office Leasing Reflects Technology Expansion

A fresh Bengaluru office leasing transaction involving nearly 27,000 square feet of Grade A workspace has reinforced the city's continued strength as India's leading...
Assam Hospitality Expansion Reaches Jorhat Corridor

Assam Hospitality Expansion Reaches Jorhat Corridor

A new Jorhat hotel project planned in Assam is set to expand the organised hospitality footprint in the state's Upper Assam region, reflecting growing...