Tamil Nadu has introduced a bill for apartment renovation.

The state administration submitted a bill in the assembly on Saturday that would permit apartment complexes to be redeveloped with the permission of two-thirds of flat owners.

“The new legislation was established to preserve the interests of apartment owners as well as enhance the management of shared spaces and utilities,” housing minister S Muthusamy stated when introducing the Tamil Nadu Apartment Ownership Bill, 2022.

According to industry experts, apartment owners, and builders, often cases one individual stymies redevelopment.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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