Tag: Pune housing societies

Latest StoriesRegulatory

HC criticizes MHADA for delaying Pune housing society redevelopment

PUNE: The Bombay High Court (HC) has criticized MHADA officials for “overstepping their authority” by misinterpreting the Chief Minister’s (CM) comment regarding a letter from BJP’s Kasba Peth MLA Hemant Rasne. The officials construed it as a stay on the redevelopment of the Sunglory housing cooperative and a proposal for the Nutan housing cooperative in Sadashiv Peth. The bench, comprised of Justice Girish Kulkarni and Justice Aarti Sathe, noted on December 23 the “extra-legal interference” by MLA Rasne, aimed at “pressuring MHADA officials” regarding this matter. The Court ruled that MHADA’s no-objection certificate (NOC) for the Sunglory housing cooperative, issued…

Latest StoriesResidential

52% of Pune Housing Societies Don’t Have Legal Land Ownership

PUNE: Over half of the cooperative housing societies in the city lack legal ownership of the land they occupy, a significant issue that hinders redevelopment and restricts property rights. According to the state cooperative department, 52%—or 11,956 out of 22,955 registered societies—have not received their conveyance or deemed conveyance deeds. A conveyance deed is the conclusive legal document that transfers land ownership from the developer to the housing society. Without it, these societies cannot update land records, assert complete ownership rights, or start redevelopment projects—an increasingly urgent need for aging buildings in the area. Pune district collector Jitendra Dudi has…

Latest StoriesResidential

SGRA Chair Calls on Pune Societies to Adopt Mumbai Self-Redevelopment Model

PUNE: Pravin Darekar, chairman of the new Self-Group Redevelopment Authority (SGRA), announced on Sunday that self-redevelopment is increasingly advantageous for property owners. The initiative is gaining traction in Mumbai, and he encouraged more housing societies in Pune to consider it. Speaking to reporters at a seminar hosted by the Pune District Cooperative Housing Societies and Apartments Federation, Darekar highlighted the formation of a dedicated authority to promote self-redevelopment. He noted that the state cooperative bank and various district banks are willing to provide loans for such initiatives. “Many private builders are obtaining loans at very high rates from private banks.…