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Haryana approves a 20% hike in EDC rates, followed by annual 10% increases, to boost urban planning.
The Haryana Cabinet has approved a new strategy to increase External Development Charges (EDC) rates, which have been stagnant since 2015.
Starting January 2025, there will be a one-time 20% increase followed by a 10% annual hike.
A consultant will also be hired to set future base EDC rates.
The changes aim to improve urban planning and development, aligning with recommendations from key institutions and ministers.
4 months ago
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