ποΈ Karnataka passes new apartment ownership bill
The Karnataka Assembly officially passed the Karnataka Apartment (Ownership and Management) Bill, 2026, to fix long-standing owner disputes. This legislation focuses on apartment ownership, common area management, and redevelopment across Karnataka. The bill mandates Residents' Welfare Associations and sets dispute resolution mechanisms at local government levels. For old buildings, reconstruction needs 75% owner approval, with double compensation for dissenting owners. This aims to update outdated laws from 1972-73 and RERA for modern living.