A state government resolution was issued on June 7.
Bansi Gawli, chief executive officer of PCNTDA, said as per a tentative estimate of the 1,800 hectares under the PCNTDA, the PCMC will get a major share of around 1,300 hectare, while PMRDA will get around 350 hectare. It will take more than six months for the distribution.
The PCMC has already developed the area in its jurisdiction but with the merger, it will get hold of undeveloped areas as well.
Gawli said the PMRDA will get the fixed deposits and other investments, liabilities, and PCNTDA’s office, including commercial complex and residential complex.
A permanent staff of 50 employees of the PCNTDA will be transferred to PMRDA.
The Pimpri Chinchwad Municipal Corporation will remain the special planning authority of all PCNTDA areas which effectively means the building construction permissions and powers for approving transfer of development rights and floor space index will be with the PCMC.