Haryana Govt Grants Relief to Realtors

In a major relief to the real estate sector and considering the two-month disruptions caused by the second wave of COVID-19, Haryana cabinet has decided to consider the period from April to May 31 as zero period. Real estate experts said that while this benefit is muc

BY Realty Plus
Published - Sunday, 20 Jun, 2021

In a major relief to the real estate sector and considering the two-month disruptions caused by the second wave of COVID-19, Haryana cabinet has decided to consider the period from April to May 31 as zero period. Real estate experts said that while this benefit is much-needed it should have been for a longer period. To benefit realtors and those holding change of land-use permission, the Cabinet on June 15 approved to treat the period from April 1 till May 31 as 'zero period' for the purposes of interest on payment of renewal fee of licence on delayed period, submission of fresh bank guarantee on account of grant of license and (penal) interest on payment of instalment of external development works (EDC), state infrastructure development charges (SIDC) during this period, letter of intent/ permissions/ building plan approval/extension of CLU permission and licences and renewal of licenses and related compliances. The builders have also been provided interest relief on the pending dues and for time bound compliances.