GURUGRAM: The meantime Haryana Real Estate Regulatory Authority (H-Rera) has recovered Rs 1,170 crore in exterior construction charges (EDC) from builders around the state in simply 3 months, from August to October this yr.
According to officials, the amount has been recovered from builders who had no longer paid the required EDC for his or her actual estate initiatives within the state but had to do so as to get their new initiatives registered below the new actual estate legislation.
HRERA can't immediately claim EDC but it's issuing letters to builders in the course of the department of the city and country, announcing registrations may not occur unless EDC dues have been cleared.
Dilbagh Singh Sihag, government director of the meantime H-Rera, stated the EDC collection was a major achievement for the newly formed body and would possibly move the Rs 2,000 crore-mark as more registrations occur below the new legislation. He, however, did not specify the collection of builders from whom the costs had been recovered.
EDC is collected by the government for infrastructure construction.
The meantime H-Rera was instituted in July and the state govt has promised to appoint the everlasting body by the end of the yr. "Even though the permanent H-Rera is under formation, we have been working full time and issuing notices to all erring developers over EDC and for not registering their projects under H-Rera or advertising projects without registration under the act," Sihag stated, adding the H-Rera site can be in a position in another two months.
Sources from the industry showed the government were issuing letters repeatedly to builders, asking them to pay EDC. State finance minister Capt Abhimanyu Singh had stated at an tournament previous this yr that builders owed the government Rs 17,000 crore in EDC, in Gurgaon and Faridabad by myself. Chief minister Manohar Lal Khattar on a recent visit to Pataudi had also asked builders to clear their dues.
Opposition chief Abhay Singh Chautala had lately written to Khattar, asking him to not appoint retired bureaucrats who have been hooked up to "controversial" land deals within the state in HRera. Following this, a retired Haryana Civil Services officer had filed a petition within the Punjab and Haryana prime court, alleging that the appointment criteria was tailormade to suit a few officials. All this has not on time the setting up of the everlasting HRera and it is still noticed if it will get completed by the end of this yr.
Realtors owe the state govt Rs 18,563 crore within the type of EDC. Of this, the belief of Rs four,322 crore is below doubt because of legal challenges.
According to officials, the amount has been recovered from builders who had no longer paid the required EDC for his or her actual estate initiatives within the state but had to do so as to get their new initiatives registered below the new actual estate legislation.
HRERA can't immediately claim EDC but it's issuing letters to builders in the course of the department of the city and country, announcing registrations may not occur unless EDC dues have been cleared.
Dilbagh Singh Sihag, government director of the meantime H-Rera, stated the EDC collection was a major achievement for the newly formed body and would possibly move the Rs 2,000 crore-mark as more registrations occur below the new legislation. He, however, did not specify the collection of builders from whom the costs had been recovered.
EDC is collected by the government for infrastructure construction.
The meantime H-Rera was instituted in July and the state govt has promised to appoint the everlasting body by the end of the yr. "Even though the permanent H-Rera is under formation, we have been working full time and issuing notices to all erring developers over EDC and for not registering their projects under H-Rera or advertising projects without registration under the act," Sihag stated, adding the H-Rera site can be in a position in another two months.
Sources from the industry showed the government were issuing letters repeatedly to builders, asking them to pay EDC. State finance minister Capt Abhimanyu Singh had stated at an tournament previous this yr that builders owed the government Rs 17,000 crore in EDC, in Gurgaon and Faridabad by myself. Chief minister Manohar Lal Khattar on a recent visit to Pataudi had also asked builders to clear their dues.
Opposition chief Abhay Singh Chautala had lately written to Khattar, asking him to not appoint retired bureaucrats who have been hooked up to "controversial" land deals within the state in HRera. Following this, a retired Haryana Civil Services officer had filed a petition within the Punjab and Haryana prime court, alleging that the appointment criteria was tailormade to suit a few officials. All this has not on time the setting up of the everlasting HRera and it is still noticed if it will get completed by the end of this yr.
Realtors owe the state govt Rs 18,563 crore within the type of EDC. Of this, the belief of Rs four,322 crore is below doubt because of legal challenges.
Rera helps Haryana mop up Rs 1,170 crore as EDC from realtors
![Rera helps Haryana mop up Rs 1,170 crore as EDC from realtors]()
Reviewed by Kailash
on
November 19, 2017
Rating:
