representative image In February, Deputy Chief Minister DK Shivakumar announced that the state government was working on a new uniform law for the benefit of home buyers, especially those who have purchased flats in residential apartment complexes.
Millions of people were happy with this announcement home buyersBut even after eight months, the government has still not been able to bring forward the draft of the proposed Karnataka Apartment Ownership Act,
Home buyers are urging the state government to complete the draft amendments expeditiously Karnataka Apartment Ownership Act, 1972, to ensure ownership rights over land used for construction of residential apartment complexes.
According to him, the more time it takes to issue the draft, the more problems homebuyers will face as some developers have not assigned the land ownership rights to the registered residents’ associations of the respective apartment complexes.
“The Congress in its manifesto has assured home buyers of amending the existing Karnataka Apartment Ownership Act 1972. We hope that Congress will honor its commitment. “I want the government to come out with a draft to amend the Act,” said Navy veteran Commander Surendra (retired).
It may be recalled that Basavanagudi MLA LA Ravi Subramaniam had raised the issue during the state assembly session and the Deputy CM had said that the government was in favor of amending the existing Karnataka Apartment Ownership Act, 1972. The Deputy CM had also invited suggestions from the elected representatives on the proposal. Amendment in the said Act.
Karnataka Home Buyers Forum convenor Dhananjay Padmanabhachar said the housing department, which is responsible for the implementation of the Real Estate Regulatory Authority (RERA) in Karnataka, has ratified the new Apartment Ownership Act.
“This is a good step, but we request the government to release the draft to the public as soon as possible so that home buyers can review and suggest recommendations. “Making a law is a long process and the government needs to work quickly in this regard,” he said.
Responding to Padmanabhachar’s letter, Housing Department (RERA) Under Secretary Hemavati said the draft amendment to the Karnataka Apartment Ownership Act 1972 is in the final stages. “The new Act will come into force soon,” he said in a letter dated September 30.
