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.

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
Man with a Vision to Fly High with Maharaja, Mr.Ajay Sinha
Born and brought up at Delhi, Mr Ajay Sinha, Country Manager, Air India, Kuwait joined Air India at...

Image
Down the lane of makeovers, the Kuwaiti Dinar
Ever since the installation of an independent currency for Kuwait in 1961, the Kuwaiti Dinar, it ha...

Image
Mahatma Gandhi lives in Kuwait
The title might jolt the readers out of their senses. When IndiansinKuwait.com staff met Mi...

Image
Corporate Lessons from a Comedian
Sometimes comedians can make serious sense! The other day I was watching an interview (https://www....

12345678910...
IIK Dine Out...
Image
Enjoy the Rich Exotic Cuisine at Oriental Restaurant
One thing that a person just can’t resist is a platter of delectable food. Oriental Restaurant a m...

IIK Sports...
Image
Kuwait National Cricket Team to Incheon Asian Games
Distinction Of Being The First Arab Country ever to participate in Asian Games The Kuwait Nation...

Image
AVC – Kuwait Conducts Draw of ‘’Bridgestone & Castrol Cup’’ All India Open 7 A Side Football Tournament
AVC Kuwait conducted the draw of their All India Open 7 a side Soccer tournament in Kuwait titled “...

Image
Indian Football Academy Kuwait organizing ‘5 A Side Crazy Football Tournament’
The Indian Football Academy Kuwait (IFAK) is organizing a ‘5 A Side Crazy Football Tournament’ on t...

What's On...
Sep
25
Image
Bharatheeya Sangeetha Sabha organizing Navaratri Music Festival 2014
Oct
2
Image
IMA Public Program "Arafat Day' In Urdu on Thursday 2nd October
Oct
3
Image
Uttar Pradesh & Uttaranchal Kalatmak Rangmanch organizing Annual General meeting
Oct
3
Image
Dr Narayanan Namboory to lead Nair Service Soceity’s Vidyarambham
Oct
3
Image
Kuwait Leaders Toastmaster Club Meeting at SPCL Rumaithiya.
Oct
3
Image
“Sabha” anniversary program – “Guru Naadam” (Master’s Voice)
Oct
3
Image
United Mangaloreans Kuwait (UMK) Konkani comedy drama
Oct
3
Image
Angamaly Pravasi Association ONAM-2014
Oct
3
Image
Bishop Moore Alumni Association of Kuwait conducting Onam- Eid Sangamom 2014
Oct
3
Image
NSS-Kuwait is Organizing Vidyarambham
Oct
3
Image
Amma Kuwait celebrating Navaratri 2014
Oct
4
Image
Yuvadeepti-K.C.Y.M conducting a one day seminar on proactive family on 4th Oct 2014
Oct
4
Image
Vichar Bharati and Yuva Darshan hosting career guidance talk
Oct
5
Image
Adoor NRI Forum Kuwait Celebrating Adooronam ‘14
Oct
5
Image
Kerala Latin Catholic Kuwait, organizing Onam Celebration & Unit Assembly on 05th Oct 2014
Oct
17
Image
North Kanara Association organizing “NKA-K CRICKET TROPHY 2014“
Oct
17
Image
Tulu Koota Kuwait organizing “Tulu Parba 2014" on 17th Oct
Oct
24
Image
THANIMA organizing ONATHANIMA on 24th October 2014
Oct
31
Image
IKFS to conduct seminar on Aspect of College Ragging and Potential loss of children to Parents
Nov
7
Image
Vanithavedi Kuwait conducting competition for “Thiruvathirakali”
Nov
7
Image
Sath Panvdde – Konkani Musical Show in Kuwait
Nov
9
Image
I E I Organizing 47th Engineers Day-2014
Nov
14
Image
IIT IIM Alumni Asscociation - Kuwait organizing Kuwait Open Quiz 2014
Nov
19
Image
Youth Chorus organizing the Nineth Christian Group Song Competition
Nov
21
Image
Goan Welfare Society-Kuwait oragnizing Goa Day on 21st Nov 2014
Dec
5
Image
Christmas Party for Kids on 5th of December, 2014
Its your portal, its your platform, so get involved.




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