EDC is good for occupant or Builders

Q: EDC is good for occupants, but now a days builders are charging more without any paper! why?

Akash Kanojia, Delhi

24th July 2013

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Replies (9)

This a problem which is just ignore, will the concerned person come out with some ans?

Rahul Thakur, Patna

26th July 2013

Comment

I think even the careless of the government may lead to fall of real estate in Haryana

Meha, Bhiwadi

25th July 2013

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The more confusing rates of EDC, the investors will not be interested to invest

Aloke Kumar Singh, Greater Noida

25th July 2013

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Yes and builders are like dacoits, i want to have proper solution about this, i am paying more money then my installments of my home loan how should this be stopped?

Anup Goyal, Noida

25th July 2013

Comment

As per the RTI Acts, they have also received many information of several colonizers who did not pay even 50 per cent of their EDC dues to the department even after four years of having procured the license, and they enjoyed the interest on the money being extorted from the poor flat buyers.

Pavan Jain, Delhi-NCR

24th July 2013

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How will the real estate be effected if EDC is increased?

Ruchi Mishra, Noida

24th July 2013

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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.

Kanika Kumari, Ghaziabad

24th July 2013

Comment

So this is basically totally a game of builders that is been played?

Doel Singha, Ghaziabad

24th July 2013

True and the most amazing part is Govt is just blind and not giving any importance

Manisha Soori, Gurgaon

24th July 2013

Another point which provokes the colonizer to increase the EDC : i.e .,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.

Baldeep Singh, Gurgaon

24th 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.

Nishant Pathak, Gurgaon

24th July 2013

Comment