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HUDA waives retrospective interest on enhanced EDC

Postby umesh.prabhakar1965@rediffmail.com » Fri Mar 09, 2012 4:10 pm

Dear GFWA members,

With your consistent supports and our focused efforts on EDC (External Development Charges), GFWA is pleased to announce that HUDA has withdrawn the interest on enhanced EDC from retrospective effect. GFWA received the copy of internal communication between HUDA and DGTCP.

The letter for the withdrawal of interest is with GFWA. Communication clearly states the efforts of GFWA.

This will directly benefit all members on enhanced EDC where there will be no interest charged on retrospective years i.e. before 31st May 2011 the date when EDC noticed had been issued and surely it will be substantial amount for all housing projects in Neharpar Greater Faridabad.

GFWA thanks to all members for their full support and its all working /governing body members for selfless working for common cause.

Abhi toh naapi hai DHARTI aur abhi saara JAHAN baaki hai.
We,unitedly, will conquer the sky as long as we all are united n dedicated and have strength.
Come and Join the GFWA in order to have a peaceful,better future.
Regards
Umesh Prabhakar
On behalf of GFWA
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HUDA waives interest on enhanced EDC

Postby dheerajjain » Fri Mar 09, 2012 4:19 pm

Congratulations! to all GFWA/forum members. I will like to specially thank GFWA/forum members who went along with us to Chandigarh. Also, thanks a lot to Working Committee members Umesh Ji, Rajan Ji who led GFWA from front on enhanced EDC issue.
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Re: Waiver of Interest on enhanced EDC

Postby yadav_ajay » Fri Mar 09, 2012 4:33 pm

Indeed a great news.

Special Thanks to Umesh Ji and Rajan Ji for Continuous follow up with Town and Country Planning.

Surly, this will give relief to all Gr FBD home buyers.

So, why there is shy??, come and join us and be a part of success.

This is just one achievement, rest to follow.
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Re: Waiver of Interest on enhanced EDC

Postby BlessU » Fri Mar 09, 2012 4:34 pm

Hi
Greetings

Weldone GFWA. Another feather in the cap of all pushing to get justice..

Translating into figures please clarify would that mean

"INTEREST From 10.1.2009 to 25.5.2011 on Difference EDC only" for Rs. 6.04 Lakhs per Acre out of Grand Total of EDC + EEDC Rs 45.79 Lakhs per Acre??

If true that would work out to a saving of 13% of EDC + Enhanced EDC!! :clap: :clap: :yahoo:
(pls chk and correct if we have received any calculations)

Hope we do well in the IDC calculations as well.. 375 per sq mtr applicable from 8th Jan 2008 for residential projects, high potential zones.

Excellent stuff!!!

Cheers
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Re: Waiver of Interest on enhanced EDC

Postby rajveer.singh » Fri Mar 09, 2012 4:40 pm

Indeep wonderful news..!!

Congratulations to everybody and special thanks to GFWA members for tiredless effforts..!! :clap: :clap: :yahoo:

Cheers
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Re: Waiver of Interest on enhanced EDC

Postby yadav_ajay » Fri Mar 09, 2012 4:44 pm

Yes, Groovi.

You are right.
it would mean a wavier of Rs6.04 lacs/acre for plotted development.

and it would be saving of Aprox 19% on Rs 1554/- (Extra Demand by BPTP).
Don't consider only EDC amount, pls take Area effeciency and Final calculations into account as it matters a lot.

Cheers..
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Re: Waiver of Interest on enhanced EDC

Postby SachinSatija » Fri Mar 09, 2012 4:55 pm

Hi GFWAL Members,

Congratulations!!!!!! to all GFWA/forum members.

Thanks
Sachin Satija
:clap: :clap: :clap:
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Re: Waiver of Interest on enhanced EDC

Postby sameer23 » Fri Mar 09, 2012 4:56 pm

Congratulations, thanks for all the efforts.
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Re: Waiver of Interest on enhanced EDC

Postby rohan.raj4u » Fri Mar 09, 2012 5:05 pm

Thanks for all your effort and Congratulations....!!!
[u]Rohan Raj.[/u]
P 513, Piyush Heights.
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Re: Waiver of Interest on enhanced EDC

Postby sendtomanish » Fri Mar 09, 2012 5:09 pm

From GFWA working committee,we also thanks to all RWA in Neharpar for extending their support to GFWA on EDC fight.We encourage to part of GFWA and spread awarness.
Regards
Manish
Member,GFWA working committee.
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Re: Waiver of Interest on enhanced EDC

Postby vkbans » Fri Mar 09, 2012 5:10 pm

Dear GFWA...
It is really a great win..Kudos to you...

Do you have any update when HUDA/DTCP will be sending this notification to Builders? Can copy of the letter to GFWA also made public?
Notification to Builders must be sent out by HUDA/DTCP at earlist...

cheers,
Vikram
KLJ Greens
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Re: Waiver of Interest on enhanced EDC

Postby kanvit » Fri Mar 09, 2012 5:18 pm

Congrats to all and thanks to GFWA for taking things up...we are grateful to everyone...

In fact holding up the payment to builder has paid us and we may save some money... now we will wait for the revised demand letter from builder...
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Re: Waiver of Interest on enhanced EDC

Postby abhimad » Fri Mar 09, 2012 5:34 pm

Well this is really great news... Great job done by GFWA.... RPS group members now need to take up strongly with RPS for refund adjustment of the enhanced EDC. Group members please update on the subject....
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Re: Waiver of Interest on enhanced EDC

Postby sendtomanish » Fri Mar 09, 2012 5:39 pm

Dear Vikram
Please wait for week or so until TCP issues noticification.
-Manish
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Re: Waiver of Interest on enhanced EDC

Postby vkbans » Fri Mar 09, 2012 5:47 pm

Thanks Manish...hope notification is sent to all Builders at earlist...followed that we need to chase couples of things with builders like:
- Builder must send the revised (reduced) EDC letter now
- Builder must update Payment plan with revised (reduced) EDC
- Adjusting the additional payment made by few some in very next demand for them...

Cheers,
Vikram
KLJ Greens
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