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Can society claim 21% interest on development charges

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0 2022-04-26T23:10:54+00:00
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Development Charges (DC) are usually imposed on the project's built-up area. Buyers are forced to pay varying prices over and beyond the per sq ft rate of the home because these charges vary across projects and builders. In any scenario, the DC might account for up to 10% of the unit's cost. In other circumstances, the DC has the authority to raise the price of a unit by 15% to 20%.

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