Faridabad, February 3
The newly developed Industrial Model Township (IMT) at Ballabgarh will offer nearly 530 plots to industrialists in a couple of weeks.

Welcoming the move, Ramnik Prabhakar, a member of the Manufacturers Association, Faridabad (MAF), said, “We have been demanding much smaller plots, preferably of the size ranging between 50 sq yards and 300 sq yards, so that a majority of the small units operating from non-industrial areas could be adjusted in a developed township.’’

He said over 5,000 small and medium industrial units were operating from the residential and unauthorised areas and the authorities had perhaps ignored the ground realties so far.

He said the rates of the plots offered at IMT Ballabgarh were much above the paying capacity of a majority of the entrepreneurs as a plot of 500 sq yards would be costing around Rs 80 lakh.

“Private developers are offering such plots in the Prithla and Palwal areas at a rate ranging from Rs 3,000 to Rs 8,000 per sq yard against the minimum price of Rs 15,000 per sq yard in the IMT,’’ said a member of the Faridabad Industries Association (FIA).