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

DVC Loan Boosts Coal Mining For Energy Security

DVC Loan Boosts Coal Mining For Energy Security

0
A fresh funding infusion into India’s coal mining sector is set to reinforce domestic energy supply chains, as Damodar Valley Corporation secures over ₹1,000...
Tata Power Mundra Deal Supports Energy Stability

Tata Power Mundra Deal Supports Energy Stability

0
A renewed power supply agreement in Gujarat is set to restore long-term electricity flow from the coastal Mundra facility, offering relief to distribution networks...
BHEL Coal Gasification Plan Targets Industrial Shift

BHEL Coal Gasification Plan Targets Industrial Shift

0
A major public sector collaboration between Bharat Heavy Electricals Limited and Coal India Limited is set to accelerate India’s push towards coal-based chemical manufacturing,...
Coal India Boosts Supply To Support Urban Demand

Coal India Boosts Supply To Support Urban Demand

0
India’s energy security strategy is increasingly leaning on domestic coal as global disruptions reshape fuel availability, with Coal India Limited stepping up supply measures...
Sirca Paints Sonipat Visit Highlights Manufacturing Focus

Sirca Paints Sonipat Visit Highlights Manufacturing Focus

0
A recent facility visit at a manufacturing unit in Haryana is drawing attention to how mid-sized building materials companies are strengthening transparency and operational...