HUDA has reduced External Development Charges

Published on April 21, 2011 by News Desk   ·   No Comments  Print This Post

INVC,,

Chandigarh,

Haryana Urban Development Authority (HUDA) has
reduced External Development Charges (EDC) for Urban Estate, Gurgaon.
While stating this here today, an official spokesman said that now Rs
58.76 lakh per gross acre would be charged as EDC for plotted
development, Rs 176.28 lakh per gross acre for normal group housing
societies having density of population of 300 per acre and group
housing scheme for low cost affordable housing with density of 600
and Rs 274.41 lakh per gross acre for commercial area including
neighbourhood shopping area with FAR 1.75.
He said that these rates had been made applicable retrospectively for
the calendar year 2009 which would further be made applicable upto the
calendar year 2012 by increasing the same at the rate of 10 per cent
every year on compoundable basis. On the similar pattern, the EDC
might be made applicable from July 11,2006 when the new development
plan of Gurgaon-Manesar Urban Complex-2021 would be notified, by
reducing the same at the rate of 10 per cent per annum on the
compoundable basis.The reduced EDC would be passed to the plot
holders, he added.
He said that in respect of old licenses where the schedule of payment
has not exhausted, the EDC would be recovered in ten six monthly
installments instead of eight  six monthly installments in the case of
plotted areas or Group Housing Areas. In respect of recovery of EDC
from commercial areas where schedule of payment has not been
exhausted, the period of recovery would be extended from the present
eight quarterly installments to 12 quarterly installments.
In such cases, the entire schedule of payment would have to be
reworked as if they were to be paid in ten six monthly installments
right from the beginning instead of eight six monthly installments.
However, if any, excess amount was found to be paid because of the
above re-scheduling, it might be counted for in the next due
installments. In case any excess amount was found after exhausting all
the dues, in that case the excess amount might be refunded, he added.
He said that as far as the old licenses were concerned that is
licenses granted before January 10,2009, the cut off date might be
taken as January 10,2009 for rescheduling the installments and
charging of interest thereon on the deferred or delayed payment of
installment. In respect of licenses issued after January 10,2009, the
recovery of EDC would be done either in lump-sum within 30 days from
the date of grant of license of within five years in six monthly
installments of 10 per cent each. First installment would be payable
within a period of 30 days from the grant of license. Similarly in the
case of commercial licenses and IT licenses issued after  January
10,2009, the recovery of EDC would be done either in lump-sum within
30 days from the date of issue of licenses or in 12 quarterly
installments.
The spokesman said that in respect of licenses issued after January
10,2009 the balance amount of EDC would carry an interest at a rate of
12 per cent  per annum and in case of any delay in the payment of
installment on the due date an additional penal interest at a rate of
three per cent per annum (making the total payable interest as 15 per
cent per annum) would be chargeable upto the period of three months
and for additional three months with the permission of DGTCP.  In case
the payment was not made within extended period, action might be taken
to cancel the license due to non payment of EDC.
He said that in case the authority executing external development
works completed the same before the due date and consequently required
the charges for the same, the Director General, Town and Country
Planning, Haryana, Chandigarh would be empowered to call upon the
colonizer to pay the external development charges before the
completion of the due period and the colonizer would be bound to do
so. Any award/ enhanced compensation over and above the land cost
taken in the EDC estimates would be payable extra as decided by the
authority from time to time.
The spokesman pointed out that the colonizers would arrange the
electric connection from outside source for electrification of their
colonies, from UHBVN/DHBVN and make payment, if any, direct to
UHBVN/DHBVN.  If they failed to provide electric connection from
UHBVN/DHBVN, the Director General, Town and Country Planning would
recover the cost from the colonizers and deposit with UHBVN/DHBVN. In
case the colonizers asked for a completion certificate before the
payment of EDC, they would have to first deposit the entire External
Development Charges and only thereafter, the grant of completion
certificate would be considered.
No External Development Charges would be recovered from the EWS/LIG
categories of allottees, he added.

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