Tag: real estate regulations Karnataka

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Karnataka Launches Apartment Bill to Protect Property Owners

BENGALURU: On Wednesday, the Karnataka government introduced the proposed Karnataka Apartment (Ownership and Management) Bill, 2026. This initiative aims to repeal outdated laws that have been in place for over fifty years and establish a cohesive legal framework that will protect the rights of apartment owners, improve governance, and support the redevelopment of aging residential complexes. The proposed legislation, developed in consultation with apartment owners’ associations in Bengaluru, seeks to replace the Karnataka Apartment Ownership Act of 1972 and the Karnataka Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act of 1972. The government posits that…

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RERA Chairman Calls for Faster Coordination in Real Estate Approvals

Rakesh Singh (IAS), Chairman, Karnataka RERA. Rakesh Singh (IAS), Chairman of Karnataka RERA, emphasized the need for enhanced institutional coordination and a more consistent approval framework in Karnataka’s real estate sector to mitigate project execution delays. He acknowledged that while RERA has contributed to increased discipline and transparency, discrepancies among government bodies, regulators, and promoters still hinder the progress from project initiation to completion. Singh spoke at the RealtyDailyNews Realty & Beyond Summit in Bengaluru, where he joined policymakers, developers, and other real estate professionals in discussions on Bengaluru’s urban and housing development potential. Singh highlighted the persistent trust issues…