Developers have defaulted Rs 15,276 crore, admits Haryana government

CHANDIGARH: The Haryana government on Wednesday admitted that a whopping sum of Rs 15,276 crore is outstanding against the builders and colonizers on the account of External Development Charges(EDC) and Infrastructure Development Charges (IDC ).
An amount of Rs 14,457.54 crore is outstanding as EDC and Rs 818.46 crore is outstanding on the account of IDC charges.
The government has cancelled licenses of 39 defaulter developers and has initiated proceedings against 140 such defaulters for further action so far. This comes along with barring the defaulters from issuance of various certificates like completion certificate or occupancy certificate or grant of extension.
Notably, this revelation by the state government came in response to question by INLD MLA Abhay Singh Chautala who had sought details of outstanding arrears of EDC and SIDC and the steps taken by government to avoid further default.
Notably, CM Manohar Lal Khattar holds the department of town and country planning. In a statement laid before the house, he said that the developers are bound by the bilateral agreements signed by them at the time of grant of licenses.
The government also admitted that till April this year, only 652.98 crore has been received against EDC and Rs 23.56 crore have been recovered as SIDC under the rescheduling of the arrears announced in September 2018.,