Commercial Real estate

EDC and IDC are charges levied by the government on real estate developers for the development of infrastructure and amenities in a particular area. EDC stands for External Development Charges and IDC stands for Internal Development Charges. EDC is a one-time charge levied on the developers for the development of external infrastructure, such as roads, sewerage, drainage, and water supply. On the other hand, IDC is a one-time charge levied on the developers for the development of internal infrastructure, such as electricity, street lighting, and parks.

https://www.youtube.com/watch?v=FffPMJ6d23M 30 Second Summary Commercial real estate market is going through challenging times post the COVID-19 outbreak. E-commerce, healthcare, information technology will create demand for commercial real estate. The decline in demand due to work from home policies adopted by many technology companies is slowly getting back to normal. Major loss in the sector is...