Chhattisgarh Housing Board earns 'record revenue' of ₹435 cr in 6 months

The first OTS scheme, launched in September 2021, got a modest response. It ran till March 2024 and only 506 properties costing Rs 88 crore were sold in three years

Chhattisgarh Housing Board has earned a “record revenue” of Rs 435 crore in the past six months by selling more than 2,000 properties, said a minister about the state-run organisation that has suffered losses for five years.

 

Several projects of the board are stranded due to weak demand. The state government allowed the board to offer a One Time Settlement (OTS) scheme that let people clear dues for homes by paying a lump sum. Scheme beneficiaries received discounts of up to 30 per cent for homes.

 

“The board has earned a record revenue of Rs 435 crore by selling 2,230