Published on Thursday, November 14, 2013
Govt suspends collection of enhanced EDC from builders
Real Estate News


Latest News

 
Tribune News Service

Chandigarh, November 12

In a relief to the builders and house owners, the state government has suspended the collection of enhanced external development charges (EDC).

Acting on the judgement of the Punjab and Haryana High Court, the Director-General of the Department of Town and Country Planning, in a recent order, said: “In view of the high court orders, the department is not insisting for payment of the enhanced EDC from the licencees for the time being.”

The order, however, warned the licencees that “in case of any violation of the said order, the entire onus shall lie on the colonisers.” “However, the licencee shall be bound to deposit any amount collected against enhanced EDC either directly or indirectly from its allottees with the department,” the order said.

Earlier, the high court had stayed the operation of the order issued by the Haryana Urban Development Authority (HUDA) on July 14, 2011, hiking the EDC with effect from 2008.
Several builders had moved the court alleging that the state government’s decision to charge EDC was unconstitutional, arbitrary and illegal.

Builders from Faridabad and Kurukshetra had alleged that the state had done no development at all in the districts and was yet charging the EDC.

Against the backdrop of unprecedented urban development, particularly in the districts falling in the National Capital Region (NCR) bordering Delhi, HUDA had revised EDC charges to be collected from the licencees of the housing and commercial projects.

While the EDC for yet-to-be-started housing and commercial projects is paid by the builders, the investors and end users pay the EDC to the builders in case of the projects which are under progress. The licencees collect the EDC from the investors and end users and deposit it with the state government.

HIGHLIGHTS

-State government temporarily suspends collection of enhanced EDC from builders.
-The decision is an offshoot of an order of the high court.
-The HC had stayed the collection of EDC from retrospective effect.
-The decision will give relief to the builders, investors. iend cheated on me


Express your comment on this article


Name  
Email    
Comment
characters remaining  
Human Verification Code Type the Numbers you see in the picture below.


Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.
IIK Special...
Image
Heartfulness Relaxation and Meditation
According to an ancient Indian scripture, “ Yoga is the journey of the self, through the self, to ...

Image
Magical Moments with 'Jorge Ramirez Escudero': The Multi-instrumentalist Spaniard
Jorge Ramirez Escudero, `Multi-instrumentalist and one man orchestra’ `Spaniard with a Golden Voi...

Image
My Cup of Tea
The art of making tea is part of the culture of many nations. While there may be variations in prep...

Image
It is infectious…
Farhad is a salesman at a shop selling watches… Rasheed runs a tailoring shop in Salmiya… ...

12345678910...
IIK Dine Out...
Image
Biryani & Kebabi restaurant opened at Arabia Mall in Egila
Biryani & Kebabi is the newest addition to Al Sabah & Kohli food and beverage brands. Al Sabah & Ko...

Image
Indulge in the luxury of Indian dinner every Tuesday at Jumeirah’s Garden Café
We all love luxury. We have many occasions to celebrate life luxuriously. Be it our anniversary, bi...

Image
A delightful treat to our taste buds- Samrat Restaurant Weekend Buffet.
Delicious Food.. Good Company with Family or friends ... That’s what all look for on a weekend. B...

Image
Enjoy the Luxury of Healthy Breakfast
Who doesn’t like to sip a hot chocolate or hot coffee with yummy and healthy English breakfast in a...

Image
Enjoy the traditional Kuwaiti taste at Freej Swaileh Restaurant
Have been in Kuwait for years, but never tried an authentic Kuwaiti Food! There is a Phrase "When i...

IIK Sports...
Image
Kuwait Indian Football League Set For Grand Finale
Most football league across the globe have ended, winners declared and celebrations done. The K...

Image
Boubyan Bank Lifts Watani Trophy NBK Bags Plate Trophy
Boubyan Bank lived up to their reputation of being a top notch team in the Banking cricketing leagu...

Image
Don Bosco Oratory announces Ramadan Sports Mania 2016
DON BOSCO ORATORY Kuwait is once again pleased to Announce the annual “Ramadan Sports Mania 2016” ...

What's On...
Its your portal, its your platform, so get involved.




NEWS
WHATS'ON
ASSOCIATION NEWS
EDUCATION
IIK TECH
LIFE STYLE
YATRA
DINE-OUT
AUTOMOBILE
IIK YOUNG REPORTER
CLASSIFIEDS
FORUM
GREETINGS
IIK SPORTS
ENTERTAINMENT
PLACES IN KUWAIT
CONTACT US