External Development Charges News Today

Builders often advertise rates projecting them to be low or heavily discounted. Dont get swayed solely by the base price of an apartment, though. Additional costs and charges associated with the purchase can significantly escalate the final cost of purchase.

The National Company Law Appellate Tribunal (“NCLAT”), Principal Bench, comprising of Justice Ashok Bhushan (Chairperson) and Shri Barun Mitra (Technical Member), while adjudicating an appeal filed...

In March 2023, the National Company Law Tribunal has approved the resolution plan submitted by the Mumbai-based Suraksha Group for Jaypee Infratech through the insolvency process, raising hopes for more than 20,000 homebuyers waiting for their apartments in Noida for over a decade.

A division bench of the National Consumer Dispute Redressal Commission (NCDRC) comprising C. Viswanath (Presiding Member) and Subhash Chandra (Member), set aside the State Commission’s order wherein...

YEIDA, which had entered into a Concession Agreement with Jaypee in February 2003, had filed claims for ₹6,111.59 crore, mainly on account of pending works and External Development Charges (EDCs), unexecuted external development works and other future works.

The National Company Law Tribunal on Tuesday approved the Mumbai-based Suraksha group's bid to acquire debt-ridden Jaypee Infratech Ltd through an insolvency resolution process and complete around 20,000 flats across various projects in the national capital region.

The Haryana Government today removed the provision of freezing 50 per cent of the saleable area under the Deen Dayal Jan Awas Yojana — affordable plotted housing policy launched in 2016.

Now GMDA, FMDA to receive EDC payments ​ By IANS | Published on ​ Fri, Apr 9 2021 23:12 IST | ​ 6 Views   Gurugram, April 9 : In a bid to raise the income of the Gurugram Metropolitan Development Authority (GMDA), Haryana Chief Minister Manohar Lal Khattar announced on Friday that from now the money earned from External Development Charges (EDC) will be deposited in the GMDA. Similarly, the EDC payments from Faridabad district will be made to the FMDA. Both the development agencies ...