The scheme called Samadhan Se Vikas-2021 - was implemented in 2021 and has been extended multiple times since. The last extension was granted till November 15, 2023.
GURUGRAM: Haryana government on Wednesday extended its one-time settlement scheme, conditions for which have been tweaked as well, till March 31 to recover pending external development charges from builders.
The scheme called Samadhan Se Vikas-2021 - was implemented in 2021 and has been extended multiple times since. The last extension was granted till November 15, 2023. To date, the government has recovered EDC of Rs 2,000 crore, but another Rs 14,000 crore is still owed to it.
Additional chief secretary of the department of town and country planning (DTCP) Arun Gupta issued a letter that said: "Under Section 9- A of the Haryana Development and Regulation of Urban Areas Act, 1975, and Section 11 of the Haryana Scheduled Roads and Controlled Areas Restriction of Unregulated Development Act, 1963, the governor of Haryana is pleased to extend One-time Settlement Scheme-2021 up to March 31, 2024, to enable recovery of long pending EDC dues in respect of license cases and change of land use cases with the amendments."
According to earlier provisions, a developer could clear EDC dues by paying the entire principal amount along with 40% of the outstanding interest and penal interest. The remaining would be waived.
Under the extended scheme, all of the principal amount will have to be paid straight up, while the outstanding and penal interest will be increased 1% every month if the scheme is being availed after November 15, 2023.
For instance, if a builder has opted for the settlement scheme by December 15, 2023, 41% of the outstanding and penal interests.
If not this, developers will now have the second option to pay half of the principal amount along with 6.5% of the outstanding interest and penal interest. This, too, will increase 1% every month. The remaining half of the outstanding amount can be paid in four installments every six months with an interest rate of 8% per annum on any delay, and 2% per annum on any default.
