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

Gateway Hotel Opens New Chapter In Chhattisgarh

Gateway Hotel Opens New Chapter In Chhattisgarh

Chhattisgarh has expanded its organised hospitality infrastructure with the opening of a 151-key hotel in Raipur, reflecting growing investment in accommodation facilities as the...
Kolte Patil Redevelopment Push Reshapes Mumbai Housing

Kolte Patil Redevelopment Push Reshapes Mumbai Housing

A fresh set of redevelopment projects across Mumbai's residential neighbourhoods has reinforced the city's growing reliance on urban renewal as a solution to ageing...
Pune Commercial Property Attracts Institutional Capital

Pune Commercial Property Attracts Institutional Capital

Fresh commercial real estate transactions across Pune and Gurugram point to an evolving corporate property strategy in India's office market, where companies are monetising...
Ghaziabad Land Acquisition Fuels Planned City Growth

Ghaziabad Land Acquisition Fuels Planned City Growth

The Uttar Pradesh government has approved ₹943 crore for land acquisition linked to the proposed Harnandipuram Township Project in Ghaziabad, marking a significant step...
Yamuna Expressway Housing Project Fuels Urban Expansion

Yamuna Expressway Housing Project Fuels Urban Expansion

A large residential development planned along the Yamuna Expressway corridor has reinforced the region's emergence as one of northern India's fastest-growing urban expansion zones....