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.
This story is from the December 30, 2024 edition of Hindustan Times Gurugram.
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This story is from the December 30, 2024 edition of Hindustan Times Gurugram.
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