Latest Answer: Good afternoon Shefali!!!!
Yes, the IDC varies from developer to developer and city to city, but can range anywhere between Rs 35-300/sq-ft. It is also important to know that some builders may term this charge differently and may just call it generator charge or BESCOM/BWSSB (in Bangalore) and MTNL and BSNL in Delhi/NCR or something else.
EDC:- This is an important charge as EDC plus IDC in total accounts for nearly up to 10% of the overall base per sq-ft. price.
Latest Answer: Hi Mr Baljeet,
HUDA spends this cash as external development works as outlined in Haryana Development & laws of Urban Areas Act, 1975. HUDA generated resources, together with External Development Charges (EDC), of Rs 32,039 between 2004-05 to 2013-14 against, that the expenditure toward land acquisition and development works collective Rs twenty nine,051 crore.
Q:I bought a plot, on agreement its mentioned that price per sq. yard including EDC.Now its possession time, builder asks for 1,30000 INR as development charges. He says its not EDC, the charges are for the roads, sewer and lights we made/worked inside the society.Doesn't EDC include all these charges, do I need to pay these charges, are these separate from EDC?
Latest Answer: Thanks everyone for answering this. As per my agreement , EDC is included. OK, I won't be paying the asked charges and will talk to the builder in detail.
Q:I want to calculate EDC for Floor in plotted township like Ansal Esencia in Gurgaon . Plot area is 250 sq yard . It has basement of 1168 sq ft , GF of 1323 , FF of 1394 & SF of 1394 . Gross EDC per acre is 64.63 lacs per acre . Township has plots , villas & floors . Township area is 108 Acre. Kindly help.
Q:Also I believe government had reduced the EDC/IDC rates 6 months ago. will the builder pay back the amount during final settlement. Builder is not entitled to charge anything beyond the government approved rate. Please comment.