Karnataka proposes new apartment law requiring 75% owner approval for redevelopment
The Karnataka government, under the leadership of CM DK Shivakumar, has introduced the draft Karnataka Apartment (Ownership and Management) Bill, 2026. Under this proposed legislation, redevelopment projects will need the approval of at least 75% of the apartment owners. Residents who choose not to participate are entitled to compensation amounting to double the current market value of their unit. Additionally, the bill mandates that any structure older than 30 years must pass a compulsory audit to ensure its stability.
by shortkt.com✓