BAF urges govt to table, implement Karnataka Apartment Ownership Act
Bengaluru (PTI): The BAF on Tuesday urged the state government to table and implement the Karnataka Apartment Ownership and Management Act during the upcoming legislature session in Belagavi.
It will be held between December 8 and 19.
Representing over 1,400 apartment and villa Resident Welfare Associations (RWAs), the federation said the state must immediately update the outdated Karnataka Apartment Ownership Act, 1972, to end administrative chaos and litigation arising from unclear management and ownership rights.
In a statement, the Bangalore Apartments Federation President Satish Mallya said, "Implementing a comprehensive legal framework for apartment owners has been BAF’s primary demand for years, a commitment both the Congress and BJP included in their manifestos."
"With two and a half years elapsed since the Congress government took office, this is no longer a mere request, but an urgent legislative demand," he added.
Mallya further said, "The delay, legal vacuum, and lack of clarity have severely impacted lakhs of homeowners who deserve protection."
According to the statement, BAF’s detailed proposal urges the government to include non-negotiable provisions for property rights and conveyance, empowerment of owners’ associations, enforcement powers for bye-laws, dispute resolution, redevelopment, and other measures.
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ED attaches fresh assets in PMLA case against Reliance Group; total attachment over Rs 10K cr
New Delhi (PTI): The Enforcement Directorate has attached fresh assets worth Rs 1,120 crore as part of its money laundering probe against the companies of Reliance Group chairman Anil Ambani, officials said.
Eighteen properties, including the Reliance Centre in Mumbai's Ballard Estate, fixed deposits, bank balance and shareholding in unqouted investments of Reliance Anil Ambani Group have been provisionally attached under the Prevention of Money Laundering Act (PMLA), they said.
Another set of seven properties of Reliance Infrastructure Ltd, two properties of Reliance Power Ltd, nine properties of Reliance Value Service Private Ltd, fixed deposits in the name of Reliance Value Service Private Ltd, Reliance Venture Asset Management Private Lt, Phi Management Solutions Private Ltd, Adhar Property Consultancy Pvt Ltd, Gamesa Investment Management Private Ltd and investments made in unquoted investment by Reliance Venture Asset Management Private Ltd and Phi Management Solutions Private Ltd have also been attached, they said.
The ED had earlier attached properties worth over Rs 8,997 crore in the bank fraud cases related to Reliance Communications Ltd (RCOM), Reliance Commercial Finance Ltd, and Reliance Home Finance Ltd.
The total attachment in the case against the Reliance Group is now Rs 10,117 crore.
