Article clearly shows Nexus between State of Haryana and Builders - TopicsExpress



          

Article clearly shows Nexus between State of Haryana and Builders for Enhanced EDC. Builders have been given 3 years to pay enhanced EDC (6 half yearly installments). It benefits the builders and leads to added burden on home buyers (since they have to bear brunt of interest of 15% for 3 years, builders pass all interest to buyers), hence increasing enhanced EDC load by 45%. It also shows State has no regard for High Court Order which has stayed payment of enhanced EDC
Posted on: Wed, 24 Jul 2013 07:54:24 +0000

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