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

India Senior Living Demand Reshapes Housing Market

India Senior Living Demand Reshapes Housing Market

India’s senior living market is moving beyond the traditional model of selling age-specific homes, as ageing demographics and changing household structures increase demand for...
Kolkata Residential Growth Gains Momentum Near EM Bypass

Kolkata Residential Growth Gains Momentum Near EM Bypass

Kolkata: A new 702-unit residential development in Jagaddal is adding to the housing supply along Kolkata's Southern EM Bypass corridor, where improving transport links...
Pune Karvenagar Roads Set To Boost Property Access

Pune Karvenagar Roads Set To Boost Property Access

Pune: The Pune Municipal Corporation (PMC) is accelerating land acquisition for two planned roads in Karvenagar as the city prepares for the opening of...
Maharashtra Housing Rules Draw Widespread Society Concerns

Maharashtra Housing Rules Draw Widespread Society Concerns

Mumbai: Maharashtra's proposed 2026 model bylaws for cooperative housing societies have drawn more than 5,000 objections and suggestions, putting parking, redevelopment, society charges and...
Mumbai MMR Housing Plan Targets 30 Lakh Homes

Mumbai MMR Housing Plan Targets 30 Lakh Homes

Mumbai: Maharashtra’s government has outlined a plan to develop 30 lakh homes across Mumbai and the Mumbai Metropolitan Region over the next 15 to...