Working on new law to safeguard the rights of apartment buyers and owners: D K Shivakumar
Bengaluru: While speaking in the assembly on Tuesday Karnataka Deputy Chief Minister D K Shivakumar announced that the government is working on a new uniform law across Karnataka to safeguard the rights of apartment buyers and owners.
The new law seeks to abolish the existing Karnataka Apartment Ownership Act, 1972 while subsuming the Karnataka Real Estate Regulation and Development (RERA) Rules, 2017.
"Action is being taken to introduce a new Karnataka Apartment Ownership Act, which will have uniform application in all cities and towns," Shivakumar said.
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"At present, there's the 1972 law. Resident associations are being registered under cooperative societies. So, there are two separate departments. Then, there's RERA that came into effect in 2016. So, we want to abolish the existing laws and come out with a new one," Shivakumar said.
Shivakumar was responding to a calling attention motion raised by Basavanagudi BJP MLA LA Ravi Subramanya on ensuring property ownership in Bengaluru.
"What's happening right now is, construction of an apartment starts on one PID number. Then, the same PID number is divided based on the number of flats. For example, PID number 1 becomes 1/2 and so on. Some portions are retained by the owner (of the land). The ownership of land remains in that person's name," Subramanya explained.
"Resident associations should get the ownership of land. After 30-40 years, redevelopment can't be taken up because the land will still be in the name of the original owner. Also, some landlords are misusing this to obtain loans from cooperative banks. So, the registered associations should get ownership," Subramanya said.
Shivakumar said "regular developers" do not do what Subramanya said after the implementation of RERA. "I myself have built properties. We handover documents to the association. Only the unauthorised and illegal developers do this," he said, adding that he has commissioned a comprehensive mapping of property documents in the whole of Bengaluru. "The association should be the owner of the property. It's the right suggestion. We'll do it," he said
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For supporters, ''Thalapathy'' Vijay becomes ''Muthalamaichar'' Vijay
Chennai (PTI): As actor-politician Vijay-led TVK appeared inching towards the majority mark of 118 Assembly seats out of the total 234 segments in Tamil Nadu, celebrations by party workers and fans erupted across the state.
Amid chants of 'TVK' and 'Vijay,' party workers gathered outside the party headquarters at Panaiyur near here and distributed sweets and hailed the party founder as "Muthalamaichar (Chief Minister) Vijay, who continues to be popular as "Thalapathy (Commander, his film title)."
Meanwhile, visuals of Vijay's father Chandrashekar and some family members expressing joy and happiness appeared in some television channels. Vijay's party is leading in at least 108 seats out of the total 234 segments.
