The Karnataka Assembly passes the Apartment (Ownership and Management) Bill, creating a regulatory framework for apartment complexes. The bill defines how residents and associations manage common spaces and facilities and sets out mechanisms for governance and dispute handling.
The law also addresses redevelopment. It requires 75% of owners to consent for redevelopment proposals. Owners who do not agree are provided compensation calculated as double their property’s assessed value, according to the bill’s provisions. One outlet highlights the establishment of Residents’ Welfare Associations, guidance on managing common areas, and a multi-level dispute resolution process.
While the outlets focus on different aspects—one emphasizes the bill’s dispute resolution and redevelopment compensation terms, and the other emphasizes the overall regulatory coverage including common areas—the overall thrust is the same: the state moves to regulate apartment ownership and management through a structured legal framework.
