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

Goa Land Records Update Reaches 25 Percent

Goa Land Records Update Reaches 25 Percent

0
Goa has completed roughly a quarter of its statewide land records modernisation programme, marking a significant step in the transition from paper-based documentation to...
Lodha Developers Strengthens Pune Presence

Lodha Developers Strengthens Pune Presence

0
Lodha Developers has deepened its presence in western India’s housing market with the acquisition of an 80 per cent stake in Pune-based Solidrise Realty...
India Real Estate Embraces AI Transformation

India Real Estate Embraces AI Transformation

0
India’s property developers are rapidly embedding digital intelligence across planning, construction and post-handover management, signalling a structural shift in how projects are conceived and...
Gujarat Dholera Data Centre Investment Boost

Gujarat Dholera Data Centre Investment Boost

0
Gujarat has formalised a Rs 25,000 crore investment commitment for a 250MW greenfield data infrastructure project at Dholera Special Investment Region, signalling a decisive...
India senior living real estate growth 2026

India senior living real estate growth 2026

0
Senior living real estate is emerging as one of India’s most structurally significant housing opportunities, with demographic momentum and changing family patterns positioning the...