Hey there, property owners in Pimpri-Chinchwad, listen up! You now have the option to keep your leasehold status if you don’t feel like converting or selling your property. The freehold conversion is totally up to you, giving you the freedom to choose what works best for you.
In the past, the PCNTDA used to acquire lands under some old-school acts, but things have changed. The authority got merged into the PMRDA, which caused a bit of a stir among property owners. They were dealing with all sorts of transfer issues and technical problems, which led to some frustration.
But fear not, MLA Mahesh Landge has been fighting for a simpler way to convert properties to freehold. And guess what? His efforts paid off! During the recent monsoon session in Mumbai, he brought up the issue in the legislative assembly, and the state government actually listened. Cabinet Minister Uday Samant assured everyone that converting to freehold wouldn’t be a financial burden for PMRDA and PCMC.
Fast forward to Thursday’s meeting, and boom! The cabinet approved the proposal for a voluntary freehold option. This means that housing societies and residential areas like Indrayani Nagar, Rajwada, and Krishna Nagar can now make the switch.
According to MLA Landge, this move is a game-changer for over 11,000 apartments and 495 commercial units. And he’s not stopping there – he’s determined to extend this option to even more properties managed by the municipal corporation.
So, if you’re one of the half a million residents in the area, this news is definitely a win for you. The ruling coalition government is on your side, bringing some much-needed relief to the property owners in Pimpri-Chinchwad.
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