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Real Estate Forum on Hmda Developmental Charges

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Q: I heard they the HMDA has come up with a installment scheme for big builders. What is this about? How does it work?
Latest Answer: Municipal Administration and Urban Development Department (MA&UD) was the one that came up with this idea as they allowed HMDA to do this back in 2009 by issuing a GO (MS No 583). Back then, the developmental charges could have been paid by three equal installments through a post dated cheques.
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