Dhankawadi’s Panchavati Society Makes History as Pune’s First to Achieve Freehold Status Through Maharashtra’s Conversion Policy

1. Shri Dnyaneshwar Cooperative Housing Society, established in 2007-08, recently achieved freehold status after six years of hard work and a payment of approximately ₹1.5 crore.
2. The society, with around 400 members, faced challenges in convincing members and navigating bureaucratic hurdles, according to chairman Vikram Naiknimbalkar and secretary Pradeep Kadam.
3. Another housing society in Pune, with 457 members, successfully completed the transition independently by raising ₹5 crore collectively, with the help of Minister of State for Urban Development Madhuri Misal.
4. The policy allowing societies on government-allotted land to secure full ownership rights for redevelopment was emphasized by Misal and Suhas Patwardhan, president of the Housing Federation.
5. Pune District Residential Deputy Collector Jyoti Kadam confirmed the growing interest in the scheme since its introduction in 2018, but noted implementation challenges such as locating old documents and convincing members to contribute financially.
6. The successful transition of Panchavati Society is seen as a model for other societies looking to achieve full ownership, marking a milestone in Pune’s urban housing landscape.

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