DLF Home Developers Ltd
Inflated demand of EDC/IDC-24th Nov11

From SANJAY RASTOGI&

Recently, all customers of DLF Express Greens residential flats Project, Manesar has got a demand letter against increased EDC/IDC amount as per Haryana Govt circular. For my flat of 1845 sqft, I have calucated a demand of Rs.34, 852 however DLF has sent a demand note of Rs.119925.00.

I have already sent my calculation sheet to Mr. Deepak Kappor (VP-Customer Services, DLF) last week however they are not willing to share transparently the basis of this huge difference. Many reminders have been sent by me but no success so far. This money will go to Haryana Govt hence DLF should not add any extra margin on that to burden the customers. The huge impact of minimum Rs 85000/- per flat is not at all reasonable and ethical by any means

As a customer, we all need a proper justification for this. I want to raise an awareness among all the customers via this forum so that we get a justification before making payment.

EDC Calculations

A Base EDC Rate per acre as per Circular for 2009 (in Rs) 17, 628, 000

B EDC rate for 2007 @ 10% reduction on compounded basis as per Circular in Rs 14, 278, 680

C Total Area of Express Greens M1A in acres 19.643

D EDC for Express Greens in Rs = C x B 280, 476, 111

E Total Saleable area in Sq Ft 1, 855, 146

F EDC per sq Ft in Rs = D / E 151.19

IDC calculation:

A Base IDC Rate per m2 in Rs for 2008 460

B 1 IDC Rate per Acre in Rs (1 Acre = 4047 m2) 1, 861, 620

B 2 IDC rate for 2007 @ 10% reduction on compounded basis in Rs 1, 675, 458

C Total Area in acres 19.60

D IDC in Rs = C x B2 32, 838, 977

E Total Saleable area in Sq Ft 1, 855, 146

F IDC per sq Ft in Rs = D / E 17.70

Additional demand calculation

Total Development Charges (EDC IDC) per sq ft in Rs 168.89

Development Charges already Paid per sq ft @ Rs 150

Net payable in Rs per Sq ft = G-H 18.89

Total Saleable area of Flat F 404 in SQ ft 1845

Net differential amount Payable in Rs =J x I 34, 852

Company: DLF Home Developers Ltd
Country: India
State: Haryana
City: Gurgaon

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