India, July 15 -- The Karnataka government on July 15 released the draft Karnataka Apartment (Ownership and Management) Bill, 2026 (KAOMA), proposing a comprehensive overhaul of apartment ownership and management in the state. The legislation seeks to replace over-five-decade-old laws with a unified legal framework to strengthen apartment owners' rights, improve governance, and provide a clear mechanism for the redevelopment of ageing residential complexes.

Homebuyer groups say the Bill could resolve long-pending issues such as legal recognition of apartment associations, transfer of land and common areas, and grievance redressal, while real estate experts believe it could improve transparency and streamline the management and redevelopm...