Stringent housing regulatory frameworks are critical for the balanced growth of the real estate sector. This article explores the current state of apartment regulations in Karnataka and why urgent reforms are necessary.
Karnataka Real EstateApartment RegulationsKaoaHousing MarketProperty ManagementReal EstateMar 06, 2025
The Karnataka Apartment Ownership Act (KAOA) of 1972 is the primary legal framework governing apartments in Karnataka. It provides a legal structure for the ownership and management of apartments.
The main issues include lack of clarity in roles and responsibilities, inefficient approval processes, inadequate safety standards, and poor apartment management practices.
Urgent reforms are needed to reduce legal disputes, expedite project completion, ensure safety and quality, and improve apartment management, thereby creating a more stable and efficient housing market.
Key areas include clear role definitions, streamlined approval processes, strengthened building codes, and improved apartment management and governance.
Technology can improve apartment management through online portals for complaint redressal, financial management, and other administrative tasks, enhancing transparency and efficiency.
The government's decision to withdraw the indexation benefit from long-term capital gains tax computations has sparked concerns among investors and taxpayers. Here's what it means and how it will affect you.
Samsung's 2024 QLED and OLED smart TVs are set to transform the way your TV looks when not in use, thanks to a new AI-generated wallpaper feature. This innovative technology ensures your smart TV remains a stylish centerpiece even when turned off.
The luxury real estate market in the National Capital Region (NCR) is witnessing a significant surge, driven by strategic locations that enhance property value and attract high-end buyers.
Casagrand, a leading real estate firm based in Chennai, has organized an all-expenses-paid week-long trip to Barcelona, Spain, to recognize and reward the exceptional efforts of 1000 employees.
The closure of India's largest Crossword store in Aundh, Pune, has left a void in the hearts of many bibliophiles. Real estate costs and changing reading habits have forced the store to shut down, leaving book lovers mourning the loss of a cherished landm
Despite efforts to bolster the real estate market, new home sales and property development investment have declined in the first two months of the year. Chinese banks are ramping up the disposal of bad property loans to address the economic challenges.