HUDA has taken away the deadline for finishing minimum construction in the allotted residential and commercial plots.
GURGAON: Haryana Urban Development Authority has taken away the deadline, the time limit, for finishing minimum construction in the allotted residential and commercial plots. Commenting on the new decision of the HUDA, a spokesperson said that there will be no time limit for completing the construction.
As HUDA has taken away the time limit, the allottees will be free to complete construction according to their financial stability. Earlier they were supposed to complete minimum construction within a couple of years from the possession-date.
The HUDA spokesperson added that after 12th year, the expiry period, further extension can be attained by paying the double the rates. However this will not be applicable to the plot sizes which are up to 100 sq. m. or less.
Yet, the rates of such smaller plots will be dependent on the rates decided by the Authority. There will be increase in the rates only if the Authority increases the rates.
The extension rates for the commercial plots will be two and three times higher than that of residential plots. This will be respectively applicable for the construction of up to 2 stories and more than 2 stories.
If the allottee is defense personnel, including paramilitary forces, a 50% rebate in extension fee will be provided to him. Extension fee rebate will be applicable to the case of women and widow allottees too.
As this new revised extension rates will be applicable from the date of its issue, the existing allottees will have to pay the extension fee at the revised rates.
On the other side, those who have already paid the extension rates will not have to pay any additional amount.