The state government has hiked the rent at all shopping complexes and open spaces by 15 percent from the prevailing rate. A gazette notification has been issued hiking the rent of rooms and open spaces in all shopping complexes and infrastructures belonging to the Urban Development and Housing Department.
At present, the rent for space at Super Market as prescribed by UD&HD is Rs. 12 per square feet whereas for Kanchenjunga Shopping Complex [erstwhile Lall Bzaar], it is Rs. 9.50 per square feet. Similarly, there are different rates for different markets and shopping complexes throughout the state.
The UD&HD has said that this time the department has hiked the rent with mutual consent of the traders and hawkers in the state to avoid any confrontation between the authorities and business community.
At present, the rent for space at Super Market as prescribed by UD&HD is Rs. 12 per square feet whereas for Kanchenjunga Shopping Complex [erstwhile Lall Bzaar], it is Rs. 9.50 per square feet. Similarly, there are different rates for different markets and shopping complexes throughout the state.
The UD&HD has said that this time the department has hiked the rent with mutual consent of the traders and hawkers in the state to avoid any confrontation between the authorities and business community.
