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The real estate shift: How Karnataka’s proposed apartment law shortchanges homeowners
The Karnataka Apartment (Ownership and Management) Bill, 2026 (KAOMA) changes how a homeowner's share of the land is calculated — and the new formula gives the individual less than what the old law, that is the Karnataka Apartment Ownership Act, 1972 (KAOA), promised. The KAOMA Bill was passed by the Karnataka legislature in August, but is yet to receive assent from the Governor, who has sought clarifications on certain provisions. What is UDI and why does it matter? When you buy an apartment, you buy two things: The flat — a depreciating asset (buildings lose value over time). Your Undivided…