Recently I have received the following clarification from BPTP in r/o a plot in sector 85 Fbd reg EDC / IDC etc demand raised by them:
Letter of BPTP
Dear Mr. Rastogi,
Greeting of the day!
We apologize for the inconvenience and thank you for your patience.
This is in regards to your query for enhanced EDC calculation.
We would like to inform you that the demand for Enhanced EDC has been raised in accordance with the Memo No. HUDA-CCF-ACTT-I-2011/17903 dated 25.05.2011 issued by the Haryana Urban Development Authority (HUDA) wherein HUDA had revised the EDC rates from Rs. 18,19,000 lacs per gross acre to Rs. 39,75,821 per gross acre for the year 2005. We have received demand notices from the Director General Town and Country Planning, Haryana (DGTCP) demanding the EDC amount which have been made applicable retrospectively along with interest.
Since the authorities were in the process of determining the revised EDC rates that was to be levied on the colonizers /developers, therefore the EDC rates charged were interim. The same was mentioned in the plot buyer agreement, clause 2.2.
The computation of Enhanced EDC being charged from you is detailed below-
S. No. Particulars Amount (Rs.)
1 Interim EDC Rate (per acre) - As per LOI/Licence for year 2005 1,819,000
2 Enhanced EDC Rate - For the Year 2009* 5,821,000
(A) Revised EDC for the year 2005 -computed as per Memo Dt. 25-05-2011* 3,975,821
(B) Interest on Enhanced EDC @ 12% p.a. for 28 months 603,910
(Period July, 2009 to October, 2011)
(C) Interest on interim EDC @ 15% p.a. for 2 years 586,628
(D) Bank Guarantee and Other Charges 139,165
Area efficiency - 42.53% = 2058 Sq. Yds.
Enhanced EDC rate (per sq. yd.) 2,578
Less : Interim EDC already conveyed (per sq. yd.) 1,024
EDC rate to be charged (per sq. yd.) 1,554
On the basis of enhancement in EDC for plotted development, revised EDC is payable by each of the customer, a calculation of which is given above.
Should you require any further assistance, feel free to contact us at email@example.com
Thanks & Regards
Senior Executive -Customer Care
Office Phone: +91-124-3852023
BPTP Limited | BPTP Crest | Plot # 15, Udyog Vihar-IV | Gurgaon 122 015 | India