SC relief to realtors on external development charges
The Economic Times - Property, February 1, 2009, page 9
New Delhi: To the delight of real estate developers, the Supreme Court has held that external development charges demanded by the state government from realtors is unjustified and beyond its authority. In this instance, the Haryana Government had asked realty firm Ansal Properties & Industries to pay Rs 61,000 per gross acre towards EDC, which included cost for developing community sites in Gurgaon. A bench comprising justices R V Raveendran and Mukundakam Sharma while allowing Ansal’s appeal held that the state government “was not authorised or justified in raising the demand of Rs 61,000 per gross acre.” “Whatever payment is made in respect of the aforesaid demand was not payable by the appellant to the director, Town and Country Planning as the said demand is held to be illegal, unjustified and unreasonable,” it said.
The Economic Times - Property, February 1, 2009, page 9
New Delhi: To the delight of real estate developers, the Supreme Court has held that external development charges demanded by the state government from realtors is unjustified and beyond its authority. In this instance, the Haryana Government had asked realty firm Ansal Properties & Industries to pay Rs 61,000 per gross acre towards EDC, which included cost for developing community sites in Gurgaon. A bench comprising justices R V Raveendran and Mukundakam Sharma while allowing Ansal’s appeal held that the state government “was not authorised or justified in raising the demand of Rs 61,000 per gross acre.” “Whatever payment is made in respect of the aforesaid demand was not payable by the appellant to the director, Town and Country Planning as the said demand is held to be illegal, unjustified and unreasonable,” it said.
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