Noida: Societies face higher upkeep costs due to wage hike
NOIDA: With rising costs across various sectors, your monthly maintenance bill is likely on the verge of an increase. This surge is unrelated to the US-Iran conflict, but stems from the recently enacted labour code. Many condominiums and gated communities in the NCR are currently revising their maintenance budgets due to the higher minimum wages mandated by this new legislation. Society managers estimate that the bill could rise by approximately 20-30%, contingent on the type of employed staff. In most communities, labor costs — including security, housekeeping, horticulture staff, electricians, plumbers, and lift operators — account for 70-85% of the…