
Haryana's government has approved a 10% annual hike in External Development Charges (EDC) effective January 1, 2025, impacting 46 towns including Gurugram, Faridabad, and Panchkula. Gurugram has the highest revised rates across residential, commercial, and industrial categories. EDC funds infrastructure like roads and water supply, but real estate stakeholders warn that repeated increases may raise project costs and home prices, affecting affordability in high-demand areas.
Select a news story to see related coverage from other media outlets.