by Ravi_Shekhar » Wed Nov 16, 2011 5:09 pm
All,
Here is some of the points which I could infer from the statements:
Initial EDC Demand statement
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1. RPS was supposed to pay 4653.77 lacs in 10 instalments of 465.38 lacs each starting from 28/07/2006
2. Against each installment govt has detailed out the penalty amount and interest amount as payment was agreed in instalments
3. RPS made 4 payments so far totalling to 31 crores 15 lacs only and last date of payment was 30-Jan '2008
4. Total outstanding due with RPS against the initial EDC demand (including interest and penalty) as on Aug 19 ' 2011 is 38 Crores 71 lacs
Enhanced EDC Demand:
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1. Enhanced EDC was charged @ 80 lacs per acre. So total Enhanced EDC charges = 80*49.018 = 3921.44 lacs
2. This was supposed to be paid in 5 instalments of 980.36 lacs each starting from 10-Jan-2010. 3. So far RPS hasn't made any payments
4. Total outstanding due with RPS against the enhanced EDC demand (including interest and penalty) as on Aug 19 ' 2011 is 48 Crores 52 lacs.
This raises few questions:
1. Against the initial demand of 46 crores, RPS and all builders charged 175/sqft, while on enhanced edc against 39 crores they are charging 131/sqft. By simple equation, it is coming to approx {39*(175/46)} Rs 148/sqft. Don't know the reason for deviation.
2. Not sure about the reason for enhanced edc starting dt as Jan 2010 while we were communicated in Aug 2011. Why RPS has shown generosity to us...
3. With such a huge outstanding outstanding and RPS in not making any payments after Jan 2008, will this not create problems in NOC and further delay in possession.
Thanks,
Ravi Shekhar