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Now, EDC to rise 10% per year in Haryana
Hindustan Times Amritsar
|December 30, 2024
Positive impact of the decision could be potential boost to infrastructure development funded by these higher EDC collections
GURUGRAM: The Haryana government on Saturday approved the proposal to increase external development charges (EDC) of various potential real estate zones in the state by 20% for 2025, and a 10% increase every year from 2026.
The decision will likely increase the cost of real estate development, which might make properties costlier for buyers. However, the positive impact could be a potential boost to infrastructure development funded by these higher EDC collections. "The cabinet approved a one-time increase of 20% from January 1, 2025, and further an increase of 10% every year with effect from January 1 of every year was approved," the government spokesperson said.
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