Q:Please advise me on the current legal position relating to recovery of Development Charges from Purchaser. If it an be recovered at what rate and on what area
Q:Hi,I am planning to buy flat and that apartment was ready/possession in 2012 and builder still has one flat vacant yet and he is asking for development charges on that flat ?Will development charges applicable in this case ?Thanks,Bharat
Latest Answer: Good Evening Bharat...If you are buying a ready to occupy flat, in case the builder has developed the project to 100% & obtained the occupancy certificate for the same before selling it to you. So it indicates that it’s a product being sold. There is no service component involved in this and hence you don’t have to pay any service charges or development charges for it.
Q:The government of Maharashtra has asked municipal corporations in the state to work on cutting the number of approvals needed for a project in the realty sector to about 70, from the present level of 200.
Latest Answer: But now Maharashtra Govt. has decided to reduce the number of approvals from 200 to 70. It had earlier decided to reduce the number of clearances for an industrial unit to 37, from 76. This is on similar lines.
Q:Builder has asked 15 % of the flat cost as development charges which comes to rs 19 lacks which is exhorbitant. Is there's always say Rs 100 or Rs. 150/- per sq ft which is read to be charged
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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.