title deeds of the plots on which their apartments stand be transferred to their association by executing a registered conveyance deed. This move comes in response to the alleged reluctance of many builders in Bengaluru and other parts of Karnataka to comply with this legal requirement, allowing some promoters to mortgage the land or initiate new construction projects even years after the apartments have been sold.
According to Sections 11 and 17 of the Real Estate Regulatory Authority (RERA) Act, promoters or builders are mandated to execute a registered conveyance deed of the undivided proportionate title in common areas to the association of allottees within three months of obtaining the occupation certificate or the completion certificate. Despite this legal obligation, many builders have failed to comply, leaving apartment owners in a precarious position regarding their ownership rights.
This issue was a focal point during a session organized by the Bangalore City Flat Owners’ Association (BCFOWA), a not-for-profit organization dedicated to spreading awareness about the ownership, management, and maintenance of apartments and properties. Over 30 members from various apartment associations attended the session, highlighting the widespread concern among flat owners.
A flat owner in Uttarahalli described his experience as a first-time buyer who was unfamiliar with the intricacies of property ownership. He conveyed his frustration, noting that despite paying Rs 60 lakh for his flat, he has no documentation aside