Bengaluru, Oct. 16 -- The long-awaited Karnataka Apartment Ownership Act has finally come into force, with the State Government issuing a gazette notification yesterday after the legislation received the Governor's assent.
The State Government enacted the new law to regulate apartment ownership and management, bringing apartment owners' associations, maintenance charges, common areas, builders' obligations and disputes between residents and developers under a single legal framework. The law aims to establish clear mechanisms for administration, maintenance and use of common areas within apartment communities.
The law applies to projects comprising more than eight apartments.
It excludes government buildings, plotted and villa development...