Edc Calculation Formula

Edc calculation formula

May 15, The department of town and country planning DTCP has decided to fix a formula for the uniform calculation of external development charges EDC that are sought from builders for the development of master facilities. EDC are revised every three years. The calculation till now was based on market rates in an area, officials said. Since there was no edc calculation formula formula to calculate the EDC, several builders questioned the base rate of land taken by the department, which led to disputes and delay in payment of charges, officials said.

In the wake of increase in price of land as well higher cost of development, the department has now decided to come up with a fixed formula based on a number of factors to ensure the EDC calculation is carried edc calculation formula scientifically, officials said. Another reason is that there are hundreds of acres of land in Sohna, Gwal Pahari, Farrukhnagar and in developing sectors in Gurugram, for which developers have applied for licenses.

EDC and IDC Calculation - Gurgaon

Officials said that the new licenses are likely to be issued only after the formula is finalised. EDC are collected from developers to carry out work like building roads, setting up electrical infrastructure, laying down water and sewerage lines, constructing drains and related infrastructure. The charges are calculated by the department edc calculation formula on the area being developed by a particular builder.

As per the DTCP officials, the task of fixing the EDC formula would be given to one of the agencies that participated in the discussion. A decision in this regard would be taken in the next two or three weeks, they added. RS Bhath, district town planner, Gurugram, said that a meeting was also held with the Dakshin Haryana Bijli Vitran Nigam senior officials how accurate is scan due date Wednesday to discuss the issue of inadequate power infrastructure in private colonies. First Published:.]

Edc calculation formula - the

This system was applicable till March this year. Based on their report, a formula will be devised for calculating the external development charge EDC that are sought from private developers for creating basic infrastructure, including roads, power and water supply, and sewage. Till now, the department has been using an index-based system to calculate the EDC. DTCP director MK Pandurang, on Tuesday, said an exercise would be carried out by IIT experts to prepare city-specific development plans on the basis of which the expected cost of infrastructure development will be worked out. The external development charge is collected from developers to carry out development works, including building roads, setting up electrical infrastructure, laying water and sewerage lines, building drains and related infrastructure. The charges are calculated by the department based on the area being developed by the builder. Presently, the DTCP is using an index-based formula to calculate the EDC for different cities in Haryana by classifying them as high-, medium- and low-potential towns.