Haryana Urban Development Authority has done away with the upper time limit for completing minimum construction on residential and commercial plots.
"There shall be no upper limit of the time within which the allottee is required to complete the minimum required construction," a HUDA spokesman has said.
Earlier, the allottee was required to complete the minimum construction within 2 years from the date of possession.
He said that after the expiry of 12th year, further extension in period of construction would be allowed on payment of extension fee at double the rates of the previous year.
However, this would not apply to plot sizes upto 100 square meters for which the rates would remain the same as in the 12th year unless and until increased by the authority.
He said in respect of commercial sites up to two storey or more than two storey the rates for extension fee would be two times or three times of the rates for residential plots, respectively.
He said 50 per cent rebate in the extension fee would be allowed in case of plots allotted to defence personnel including paramilitary forces.
The rebate in extension fee to women and widows would continue to remain in force.
He said that these rates of extension fee would be applicable from the date of issue of this policy and the existing allottees would be required to pay the extension fee at the revised rates for any extension to be sought after the coming into force of this policy.
However, the allottees would not be required to pay any differential amount for the extension fee already paid by them before the date of issue of this policy, he added.
