Pune Housing Project Beneficiaries Must Complete Lease and Registration Formalities
Pune Housing Project Beneficiaries Required to Complete Lease and Registration Process
Pune Real EstatePcmcPunePmrdaHousing ProjectsReal EstateAug 09, 2024
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. However, some beneficiaries have yet to complete the necessary formalities.
Beneficiaries were required to pay instalments for their flats within the prescribed period and subsequently register the lease. Despite this, 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.
The PMRDA has taken this initiative to ensure that all beneficiaries comply with the necessary formalities and avoid any future complications. The authority is committed to providing assistance to the beneficiaries in completing the lease and registration process.
The PMRDA has also warned that failure to comply with the lease and registration process may result in legal action. Therefore, it is essential for the beneficiaries to take immediate action and complete the necessary formalities.
The PMRDA has also announced that it will provide assistance to the beneficiaries in completing the lease and registration process. The authority has set up a dedicated team to help the beneficiaries in resolving any issues related to the lease and registration process.
In conclusion, the PMRDA has appealed to the beneficiaries of housing projects in Pimpri Chinchwad to complete the lease and registration process at the earliest. The authority is committed to providing assistance to the beneficiaries in completing the necessary formalities.
Frequently Asked Questions
What is the issue with the housing project beneficiaries in Pimpri Chinchwad?
The beneficiaries have yet to complete the lease and registration process for their flats.
What is the consequence of not completing the lease and registration process?
Actions will be proposed against those who fail to comply, and failure to comply may result in legal action.
What assistance will the PMRDA provide to the beneficiaries?
The PMRDA will provide assistance to the beneficiaries in completing the lease and registration process and has set up a dedicated team to help resolve any issues.
What is the deadline for completing the lease and registration process?
The concerned parties are urged to complete the lease process within the specified period.
What is the contact point for beneficiaries who need to complete the lease and registration process?
Beneficiaries can contact the PMRDA’s Land and Estate Department to complete the lease and deed process.
Related News Articles
Luxury Real Estate Boom: India Sees Unprecedented Growth in High-End Properties
Sales of luxury homes in India surge by 27% in H1 2024, with Delhi-NCR, Mumbai, and Hyderabad leading the way.
Bhiwandi-Kalyan Corridor: The Next Big Thing in Mumbai's Real Estate
The Bhiwandi-Kalyan corridor is undergoing a major metamorphosis, driven by massive infrastructure upgrades and growing demand for residential real estate.
Vinit Sarawgi Joins TRU Capital as Co-Founder and Investment Manager to Drive Real Estate Growth
Vinit Sarawgi, a seasoned professional with over 25 years of experience in the real estate industry, has joined TRU Capital as Co-Founder and Investment Manager. His strategic insights and extensive network will play a crucial role in driving the company'
Supreme Court Halts NCLAT Order, NBCC Stalled Housing Projects Transfer on Hold
The Supreme Court has stayed an NCLAT order that allowed NBCC to take over stalled housing projects. Supertech Limited, a prominent real-estate company, has been involved in the development of various housing projects in Noida, Greater Noida, and other ci
NAR India Teams Up with UCO to Transform India’s Real Estate with National MLS
New Delhi, November 20: In a significant step to modernize India's real estate sector, the National Association of REALTORS® (NAR) India has partnered with UCO to launch a national Multiple Listing Service (MLS) initiative.
Transforming the Tampa Commercial Real Estate Landscape: The Visionary Leadership of Lawrence Todd Maxwell
Discover the ideal investment opportunity in Tampa, Florida's thriving commercial real estate market, catalyzed by the innovative strategies of Lawrence Todd Maxwell.