Panchkula The ongoing worldwide phenomenon of economic slowdown may take its toll on the Haryana Urban Development Authority (HUDA) too. The committee for the annual price fixation of various HUDA plots in different districts is likely to not recommend any increase in the prices of plots for the financial year 2009-10 in the state. A meeting of the price fixation committee will be held on Thursday at the HUDA office in Sector 6.
This would reportedly be the first time ever that no increase in the rates would be made. The meeting is part of the annual practice of HUDA in which the price fixation committee, headed by Chief Administrator T C Gupta, decides on the value of the plots. The committee generally recommends an increase between 10 and 20 per cent every year.
Last year, the committee recommended an increase of 20 per cent in HUDA plots in Gurgaon and 15 per cent in Faridabad. The price of HUDA plots in the rest of the state was hiked by 10 per cent only, said an official of HUDA.
More : expressindia.com
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