EDC effect in real estate sector

Q: What is EDC?How is it reflected in real estate sector? EDC?There are many builders who take more EDC is goverment doing anything?

Sheila, Ghaziabad

24th July 2013

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Replies (24)

It is been witnessed that there are no uniform method is being adopted by the colonisers while fixing the rate of EDC

Sidharth Bhardwaj, Chandigarh

31st July 2013

Comment

The colonizers are in a two track line. They are confused and also try to make money from the given options.

M.Jain, Ghaziabad

31st July 2013

Comment

But that does not mean we have suffer, how will this get fixed?

Raj Purohit, Bhiwadi

31st July 2013

Comment

EDC are not transparent in few areas! why?

Kajal, Delhi-NCR

30th July 2013

Comment

The buyer who is hit the most hit by the delay as he continues to pay the
EMIs as well as the rent and the wait for the flat turns into a
prolonged agony

Ramneek, Bhiwadi

30th July 2013

Comment

The coloniser is not just allowed to use the large sums of money thus collected for his business interests and now with the burden of interest being shifted to the flat buyers, the project faces delays the development of the area and the possession of the flat.

Harilal, Delhi-NCR

30th July 2013

Comment

They are making profit by putting the EDC on the salable area per square feet from the buyers. The whole procedure varies from one colonizer to another.

Ranbinder Yadav, Patna

29th July 2013

Comment

Hence with our money the builders are having fun?

Abhilasha, Bangalore

29th July 2013

Comment

The flat buyer usually at the time of payment of 3rd and 4th installments submits the EDC to them, but according to practices, they should deposit it to them in six monthly installments spread over four years.

Neel Sharma, Gurgaon

28th July 2013

Comment

What is the actual terms and condition of EDC?

Shivank Sharma, Chandigarh

27th July 2013

Comment

Why is the EDC increasing every single day?

Anu Dhiman, Chandigarh

27th July 2013

Comment

This leads a difficult situation for them to invest as well as they take three years to sell their projects and hence over charged.

Pranab Malakar, Delhi

27th July 2013

Comment

According to the Town and Country Planning, it was reported that the colonisers are paying EDC to the Department as per the prescribed rates, although they charge the EDC according to their preferences.

Aman Sohal, Chandigarh

27th July 2013

Comment

Normally maximum projects are sold to the colonizers during the soft-launch itself before procuring the license that is an illegal practice but a norm in Haryana and no action is taken against it.

Vibhor, Delhi

26th July 2013

Comment

True i have also suffered through this, why is the Govt not taking any steps?

lekshmi.sanjeev@ymail.com, Delhi

26th July 2013

Comment

That does not mean we will give them extra money so that they can misuse our money?

Rakesh, Bangalore

25th July 2013

Comment

The colonizers increased the rate of EDC by including the interest because the plots/flats were sold in different years over a span of three years after obtaining licenses from the Haryana Government.

Nithin, Gurgaon

25th July 2013

Comment

There are many builders who take more EDC is government doing anything?

Samar, Gurgaon

25th July 2013

Comment

his leads suspicion over the intentions of the HUDA Government and a downfall of real estate in this areas.

Subhaduti Mahankar, Greater Noida

24th July 2013

Comment

What is the current EDC?

Tushar Surendren, Delhi

24th July 2013

If the colonizer are ask for maximum EDC then that areas real estate might be hampered, as because the builders dominant the investors so

Aloke Kumar Singh, Greater Noida

24th July 2013

Comment

This is charged to the owners of the property or flat buyers in return for services like sewage, roads, water supply and few other town-level facilities provided by the HUDA.

Indu dixit, Noida

24th July 2013

Comment

This is one of the clause present in the documents of agreement while your purchase the house

Sufia, Delhi

24th July 2013

Comment

So how is the charge determined? by Government?

Neelima, Faridabad

24th July 2013

If there is no clear EDC present from the the colonizers end , then investors do not encourage to invest that particular project

Subho Mallik, Delhi

24th July 2013

This is charged to the owners of the property or flat buyers in return for services like sewage, roads, water supply and few other town-level facilities provided by the HUDA.

Aisha, Noida

24th July 2013

Comment

EDC is a terminology that is know to every flat buyer of Haryana. External Development Charges is one of the sources through which funds come in for the Haryana Urban Development Authority (HUDA

Pramela, Gurgaon

24th July 2013

Comment