The Indian Express         31.10.2013

PCNTDA threatens to blacklist over 350 developers, builders

Sending out strong signals, the Pimpri-Chinchwad New Township Development Authority will take stern action against over 350 developers and builders who have so far not transferred houses in the name of the buyers. "The action includes blacklisting these developers. Blacklisting means they would not be allotted any work from PCNTDA," said an official.

After a meeting at PCNTDA headquarters in Pradhikaran on Tuesday, Divisional Commissioner Prabhakar Deshmukh said the authority had given an ultimatum of three months to the builders to transfer the title of the houses in the name of the buyers. Deshmukh said 350 buyers had not transferred the titles in the names of the buyers. "They face action like being blacklisted," he said.

Officials said Tuesday's meeting discussed at length the issue of transfer of titles of properties in the name of the buyers by the developers.

"As many as 400 plots were sold by PCNTDA to developers so that they could initiate schemes for citizens' benefits. But it has found that only 100 developers have transferred the titles of properties in the name of the buyers. In view of this negligence, PCNTDA has decided to take stern action against the errant developers," said Deshmukh.

PCNTDA CEO Yogesh Mhase said the developers had been given enough time to act. "If they do not act within the stipulated time limit, they face stern action," he said. Officials said PCNTDA would hold special camps for buyers to educate them about property transfer.