Bengaluru’s Apartment Associations Struggle with Transparency and Accountability

Bengaluru’s Apartment Associations Struggle with Transparency and Accountability
Anjali Singh
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Effective governance in apartment complexes hinges on transparency and accountability, areas where many Bengaluru associations are falling short.

Lack of Digital Transparency

Many apartment associations have yet to adopt digital platforms for financial management. This lack of transparency has led to concerns over mismanagement and financial irregularities.

Absence of Model Bye-Laws

The absence of standardized bye-laws has resulted in inconsistent governance practices across apartment complexes. This inconsistency has led to disputes among residents and between residents and associations.

Need for External Audits

To enhance accountability, experts recommend regular external audits conducted by independent auditors. Such measures can help identify financial discrepancies and ensure that funds are utilized appropriately.

Journalist Details

Anjali Singh