Huda extends time limit for construction on institutional sites
The Haryana Urban Development Authority (Huda) has revised the policy for granting time extension for construction on institutional sites.india Updated: May 12, 2012 01:23 IST
The Haryana Urban Development Authority (Huda) has revised the policy for granting time extension for construction on institutional sites.
The institutional sites are categorised into four types. The first comprises sites allotted to social, charitable, religious and philanthropic institutions and trusts. The other three categories are — sites allotted to educational institutions, those located in exclusive Huda institutional sectors and those given to government departments.
Earlier, the total time allowed for construction of social and religious institutions, educational institutions and sites allotted in exclusive institutional sectors (except Sector 32 and Sector 44 in Gurgaon) was five years from the date of possession. Of the five years, three years were given with payment of extension fee.
According to the new policy, the total time period for construction has been raised to seven years of which five years are with extension fee.
If an allottee fails to complete the construction, the estate officer would initiate resumption proceedings under Section 17 of the Huda Act.
For institutions in exclusive institutional sectors in high-potential zones like Gurgaon, Faridabad and Panchkula, the rate of extension fee has been increased from Rs. 10 to Rs. 20 per square metre for the first year of extension.
The rates have been increased from Rs. 15 to Rs. 30 for the second year, from Rs. 20 to Rs. 40 for the third year, and to R50 and R60 per square metre for the fourth and fifth year respectively.
Earlier, the total construction time allowed for sites allotted to government departments was five years with three years of extension fee.
Now, it has been decided that institutional plots allotted to government departments, boards and corporations and public undertakings would be given additional five years for completing construction on payment of double the extension fee prescribed for the previous year.
Hence, extension fee for the sixth year would be double the extension fee for fifth year and accordingly the extension fee for the seventh year would be double the extension fee of the sixth year.
First Published: May 12, 2012 01:21 IST