Similar Story
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…
Enforcement is one way to address the problem.. however public have the habit of getting an injunction to protect themselves from prosecution.. Hence honesty and self discipline is the only effective way for prevention in the long run..