Hike in maintenance cost angers traders

GURGAON: The HSIIDC has introduced a threefold hike in the annual maintenance charges to be paid by the industrialists of IMT Manesar.This year the corporation is demanding around Rs16 per square metre for maintenance from every plot owner – quite a leap from last year’s Rs 6.97 per square metre or from the 2010 rates which were merely Rs3 per sq mt. This inflationary trend hasn’t gone down well with the local industrial community, which is now demanding the expenditure detail from the HSIIDC. “We want to understand how they could suddenly hike the rates by such a margin,” said an industrialist in IMT sector 3. HSIIDC charges maintenance for

[via India Properties - Real Estate India - Indian Property News Site]

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