Moneycontrol
HomeNewsBusinessReal EstateHaryana notifies scheme to recover Rs 3,600 crore of pending renewal fees from colonisers

Haryana notifies scheme to recover Rs 3,600 crore of pending renewal fees from colonisers

The scheme is open for six months from the date of the notification.

June 20, 2023 / 10:48 IST
Story continues below Advertisement
For representational purpose

The Haryana government has notified a one-time settlement scheme to recover as much as Rs 3,600 crore as licence and renewal fees payable by developers and colonisers. The “Vivadon Ka Samadhan” scheme will be applicable to those who defaulted on depositing outstanding renewal fees as well as applicable interest. The scheme will be open for six months from the date of notification.

According to the notification issued on May 12, 2023, if a coloniser or developer opts for the scheme, then 100 percent deposit of the principal amount on account of licence renewal fee shall be the pre-requisite statutory charge.

Story continues below Advertisement

Also Read: MC Explains: How Haryana government wants to end malpractices in phasing of licensed colonies

The scheme will be implemented in two cases: (i) for areas where part-completion certificate or occupation certificate has not been obtained, and (ii) for areas where part-completion certificate or occupation certificate has been obtained.