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Krrish City in Sector 62 charging Rs 6,000 as EDC/IDC ??

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Krrish City in Sector 62 charging Rs 6,000 as EDC/IDC ??

Last updated: November 27 2012
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  • Krrish City in Sector 62 charging Rs 6,000 as EDC/IDC ??

    Dear Friends,

    Krissh City in Sector 62 Gurgaon is charging Rs 6,000 as EDC and IDC ? is that legal ?

    Are the charges per square yard so high ?

    Please advise ?
  • #2

    #2

    Re : Krrish City in Sector 62 charging Rs 6,000 as EDC/IDC ??

    Hi
    Greetings

    we have ABW/Brahma/Krish discussions here on this thread as well..

    http://www.indianrealestateforum.com...069-page7.html

    Cant understand the method of calculating Rs 6000 EDC/IDC.

    Pls ask them to provide detailed calculation.

    It would look like this.

    Total Gross Area under development as per license and approved plan
    Total Area sold under plots as per approved plan
    % of efficiency
    Rate of EDC per gross acre of EDC chargeable
    Divide it into the total Average Area sold as plots, Per Acre to get PSY EDC chargeable.

    Also similarly clarify for IDC. Both are chargeable from customer and collected by builder on behalf of govt.

    Technically, 45% has to be left for open, roads including commercial and 55% of gross acerage can be developed and sold as plots, I think. For more details Read the act on Welcome to Town and Country Planning
    It also provides gross edc chargeable for different urban areas in Haryana.

    Current thread being closed and posts copied to above mentioned thread.

    Cheers

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