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Do installments by various Societies include development charges?

April 26, 2017Charges Development installments Societies various

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Do installments by various Societies include development charges?

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It depends. Normally, cooperative housing schemes take cost of land first, and subsequently recover development charges after “twon planning” for the Society has been finalized. Commercial housing schemes can follow the same trend, or may fix an installment plan which is inclusive of development charges. Details of each Society need to be carefully reviewed to understand whether the installments are inclusive of development charges or not.