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The Economic Times

National

Karnataka govt unveils new apartment bill to safeguard property owners' interests

Karnataka Bengaluru

Bengaluru: The Karnataka government on Wednesday unveiled the proposed Karnataka Apartment (Ownership and Management) Bill, 2026, seeking to repeal the over five-decade-old laws and establish a unified legal framework to safeguard apartment owners' rights, streamline governance and facilitate redevelopment of ageing residential complexes.

The proposed legislation, discussed with apartment owners' associations in Bengaluru, aims to replace the Karnataka Apartment Ownership Act, 1972 and the Karnataka Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1972, which the government said no longer address the realities of modern apartment living and are not fully aligned with the Real Estate (Regulation and Development) Act (RERA), 2016.

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