Pune Citizens Grow Impatient Over Delayed Return of Shop Plot Deposits

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Bhosari, 5th October 2023: A total of 778 citizens who applied for shop plots in Peth No. 12 under the Pune Metropolitan Region Development Authority (PMRDA) are growing increasingly impatient as they await the return of their 10% deposit, amounting to a substantial Rs 9.5 crores. The applications were not accepted for various reasons, and despite over a month passing since the initial application deadline, the deposits remain unreturned, causing widespread discontent among the affected citizens.

The PMRDA had initiated a plan to allot leasehold rights for 120 shops in House Scheme No. 1 and 2 at Peth No. 12, offering a generous lease term of 80 years. The initial application deadline was set for July 12 and was later extended to July 24. An e-auction took place on August 22 to allocate the available shops. Initially, 84 shops were slated for distribution, but due to some applicants withdrawing their bids, only 79 shops will now be allotted. The remaining shops will be open for future applications.

The PMRDA has begun the process of refunding the deposit amounts to the concerned citizens and plans to complete the refunds in phases over the next 15 days. Each citizen will receive one demand draft (DD) for every two shop applications submitted. Complications have arisen in some cases where applications were submitted in one name, while the demand draft was issued in another, adding complexity to the refund process.

The delay in returning the deposit amounts has been attributed to the need for issuing financial orders and ensuring that all relevant matters are thoroughly reviewed and validated. PMRDA officials have acknowledged the delay and cited adherence to financial protocols as the reason for the holdup.

The delay in the refund process has left many citizens frustrated, as they await the return of their significant deposits. PMRDA officials have assured that they are working diligently to resolve the issue in compliance with financial protocols.


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