Govt suspends collection of enhanced EDC from builders

Real Estate News
Thursday, November 14, 2013

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

Submit your comments...
     
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.
Image

Smart Investing - Diversification is the Mantra: Don’t keep all the eggs in one basket

Investment is an activity which everyone should be involved once they start earning. But where to i

Image

They are disconnecting…

“Why do I need to learn about India? After all, I am going to live here—in Kuwait—all my life… I wa

Image

I Learn Anew Every Day - Kevin Mathew

Kevin Mathew was the youngest (and only Indian) TEDx speaker at TEDxAlShuwaikh, Kuwait, on Septembe

Image

Wise Decision by Bhavans Middle East

The Chairman, Bhavans Middle East Mr. N. K Ramachandran Menon, and the Director of Bhavans Middle E

Image

“It was all over in three minutes ...”

She was sobbing inconsolably and words were intermittently coming out… “It was all over in about

Image

“On reaching the pinnacle, I called it a day”

She was all set to occupy the enviable top spot... was being hailed as the rightful heir of the zen

Image

“Politics is transient for me; writing is perpetual...”

One of those few politicians whose speeches and poems have won the hearts of masses alike - in Indi

Image

The War of Words

Another journalist is brutally killed. Gauri Lankesh, the editor of Lankesh Patrike is shot dead re

Image

Migration Norm Set: Safe Orderly and Regular Migration

“Global compact for safe, regular and orderly migration” The Norm on the Build. "Migrants are h

Image

The bogus words

A few days back I received a message on Whats App:If an assault with the intention of committing ra

Image

A nostalgic and delicious train journey in Kuwait at Kerala Express Restaurant

A train journey during our annual vacation in India is definitely a nostalgic experience for many o

Image

Mughal Mahal Exotica - An aromatic and exotic twist to Indian food

When it comes to Indian food in Kuwait, no doubt ‘Mughal Mahal’ set an example among the residents

Image

Experience Indian Corner Tandoori Nights at Al Manshar Rotana Hotel

Al Manshar Rotana Hotel at Fahaheel, Kuwait launched an authentic Tandoori Night with an Indian cor

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

TransFast Cricket League Season-02 ready to kick off

The Second edition of the TransFast Cricket League is set to kick off on 24th November 2017 at 25 g

Image

KIFL Goa FC Upset Indian Strikers

KIFF league 3rd week matches started with United Goans Centre (UGC) taking on Skynet Miracles SC.

Image

Boubyan Strikers Lifted The 4th Jimmy George Volley 2017

The four day long volleyball fiesta. A jam-packed volleyball tourney ended off fantabulously in the

Image

Amar Cricket Club presents Dawood A. H. Bebal Memorial Trophy

The opening ceremony of Dawood A. H. Bebal Memorial Trophy hosted by Amar Cricket Club, Kuwait took

Image

Kuwait Indian Football Federation (KIFF) Launch New Season 2017~18

The much awaited Kuwait Indian Football Federation (KIFF) Season 2017-18 kicked off on 27th October

Nov
22
Nov
24
Nov
24
Nov
24
Nov
24
Nov
24
Nov
28
Nov
29
Nov
30
Dec
1
Dec
1
Dec
1
Dec
1
Dec
1
Dec
1
Dec
1
Dec
1
Dec
8
Dec
8
Dec
8
Dec
31