"The builders are supposed to pay Rs 41 crores as arrears of EDC as per revised rates of the state govt," MVDA Vice Chairman Nagendra Pratap Singh said.
Realization of EDC charges was suspended earlier since some parties had gone to the court against realization of such fee saying that no such charges have been framed by the govt.
"Earlier EDC for commercial colonies was Rs 587 per square meter while for residential colonies it was Rs 395 per square meter.
"Since a govt order for the realization of arrears has been issued, we shall realize the arrears," Kumar said, adding notices have been issued to 100 residential colonies too.
External development charges are levied by the developer on the buyer for developing infrastructure within certain complex.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
