In Karnataka, there are two regulations that enable you to form an association of apartment owners, Karnataka Apartment Ownership Act. (KAOA) 1972, and Karnataka Societies Registration Act (KSRA), 1960. KAOA. And 1972 is a special legislation that exclusively covers residential apartments.
A majority of the apartment residents are opted with Karnataka Societies Registration Act, 1960. This is because of the simplicity of the procedure outlined under the Act, especially in comparison with Karnataka Apartment Ownership Act, 1972. The members will also find it easier to complete the documentation process. This is because the documents can be made ready without waiting for approval from authorities.
When you are the apartment owner, you’re asked for sums of money in the name of maintenance of the apartment complex. To save yourself from such troubles, it’s most suitable for you to form an apartment owners’ association with fellow apartment owners.