Chandigarh Housing Board earns Rs 223 crore revenue in FY22

Ryan M. Cason
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Chandigarh Housing Board earns Rs 223 crore revenue in FY22CHANDIGARH: The Chandigarh Housing Board (CHB) has registered a drop of 53% in its revenue than what it had projected in the current financial year that ends on March 31, managing a mere 223.52 crore out of Rs 476.58 crore. The board has also failed in its expenditure target, spending Rs 114.01 crore out of Rs 202.54 it had anticipated.

Reason: dilly-dallying on various housing schemes. “The decrease in the receipts in the revised estimates is due to non-finalisation of schemes in Sector 53, UT Employees Housing Scheme and that in IT Park against which provisions were made in the previous year and reduction in the receipt of the transfer fee under tatkal scheme,” according to agenda of the budget estimates.

The projects figure in the expenditure segment apart from construction of B block of CHB and implementing the 6th Pay Commission for employees.

Both these budgetary issues will come up discussion and approval in the board meeting to be chaired by the UT adviser, who is also the chairman of the CHB, on Tuesday. A total of 15 agenda items are listed.

For the next financial year, the authority has fixed a revenue target of Rs 436.05 crore and Rs 293.11 crore under expenditure

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