Pune: Housing Project Beneficiaries in Pimpri Chinchwad Urged to Complete Lease and Registration

Pimpri Chinchwad housing project beneficiaries required to complete lease and registration process, PMRDA appeals for prompt action

PunePimpri ChinchwadHousing ProjectLeaseRegistrationReal Estate NewsAug 09, 2024

Pune: Housing Project Beneficiaries in Pimpri Chinchwad Urged to Complete Lease and Registration
Real Estate News:Pune The Pune Metropolitan Region Development Authority (PMRDA) has appealed to beneficiaries of housing projects in Pimpri Chinchwad to complete the lease and registration process for their flats. The housing projects were financed by the Housing & Urban Development Corporation Limited (HUDCO) through the Pimpri Chinchwad New Town Development Authority (PCNTDA), which has since been merged with the PMRDA.

The beneficiaries were required to pay instalments for their flats within the prescribed period and subsequently register the lease. However, some beneficiaries failed to make the payments on time and have not signed the lease. As a result, these beneficiaries are expected to contact the PMRDA's Land and Estate Department to complete the lease and deed process.

The PMRDA has surveyed the properties of these beneficiaries, issued notices, and directed them to finalize the lease. The concerned parties are urged to complete the lease process within the specified period. Actions will be proposed against those who fail to comply. Additionally, if any flatholders have transferred their flats to others, they must complete the transfer process.

PMRDA Commissioner Dr Yogesh Mhase has appealed to the concerned parties to address this issue promptly and complete the lease and registration process.

Information
The Housing & Urban Development Corporation Limited (HUDCO) is a government-owned corporation that provides financial assistance for housing and urban development projects. The Pimpri Chinchwad New Town Development Authority (PCNTDA) was established to develop the new town of Pimpri Chinchwad, which has since been merged with the Pune Metropolitan Region Development Authority (PMRDA).

The Pune Metropolitan Region Development Authority (PMRDA) is a government agency responsible for the development of the Pune metropolitan region. The PMRDA is headed by Commissioner Dr Yogesh Mhase.

Frequently Asked Questions

What is the issue with the housing project beneficiaries in Pimpri Chinchwad?

The beneficiaries have failed to complete the lease and registration process for their flats.

Who is responsible for completing the lease and registration process?

The beneficiaries are responsible for completing the lease and registration process.

What is the consequence of not completing the lease and registration process?

Actions will be proposed against those who fail to comply.

Can flatholders transfer their flats to others?

Yes, but they must complete the transfer process.

Who is the head of the PMRDA?

Commissioner Dr Yogesh Mhase

Related News Articles

Pune: Housing Project Beneficiaries in Pimpri Chinchwad Urged to Complete Lease and Registration
real estate news

Pune: Housing Project Beneficiaries in Pimpri Chinchwad Urged to Complete Lease and Registration

Pimpri Chinchwad housing project beneficiaries required to complete lease and registration process, PMRDA appeals for prompt action

August 9, 2024
Read Article
Birla Estates Snaps Up 24.5 Acre Land in Mumbai for Rs 537.42 Crore
Real Estate Maharashtra

Birla Estates Snaps Up 24.5 Acre Land in Mumbai for Rs 537.42 Crore

Birla Estates, the real estate arm of the Aditya Birla Group, has acquired a 24.5 acre land parcel in Mumbai for a whopping Rs 537.42 crore.

September 12, 2024
Read Article
Bright Future for Mumbai’s Real Estate Giants Amidst Strong Demand
real estate news

Bright Future for Mumbai’s Real Estate Giants Amidst Strong Demand

With a robust demand outlook and a significant increase in property registrations, leading real estate developers in Mumbai, including Macrotech Developers (Lodha), Oberoi Realty, and Godrej Properties, are poised to gain market share and enhance their pr

January 1, 2025
Read Article
Telangana BJP MP Files HC Petition to Quash FIR Over Slapping Real Estate Broker
Real Estate

Telangana BJP MP Files HC Petition to Quash FIR Over Slapping Real Estate Broker

BJP MP Eatala Rajender has moved the Telangana High Court to quash the FIR registered against him for allegedly slapping a real estate broker in Medchal Malkajgiri district.

January 27, 2025
Read Article
Compass Seeks to Solidify Position with Acquisition of HomeServices
real estate news

Compass Seeks to Solidify Position with Acquisition of HomeServices

Compass, a leading real estate technology company, is reportedly set to acquire HomeServices, a prominent real estate brokerage owned by Warren Buffett's Berkshire Hathaway. This acquisition could significantly bolster Compass's presence in the competitiv

March 13, 2025
Read Article
Understanding the Rise in Prices for Under-Construction Homes in India
Real Estate Mumbai

Understanding the Rise in Prices for Under-Construction Homes in India

The real estate market in India is experiencing a notable increase in prices for under-construction properties, particularly in major cities like Mumbai. This trend, driven by various factors, is impacting both buyers and developers.

April 4, 2025
Read Article