The last fiscal year turned out to be the dullest over past couple of decades for the Rajasthan Housing Board. According to the department, during 2016-17 work commenced on 7 houses for Economically Weaker Section (EWS),7 for Lower Income Group (LIG), 6 of Middle Income Group (MIG) and 23 for Higher income group houses (HIG). In the previous year, the board had initiated work on 3,450 new houses, consisting more than 100 in each of the above-mentioned groups. The slump in the real estate market has refrained the board from taking up new housing projects and the numbers are constantly declining since 2012-13 when the board had initiated construction of more than 10,000 houses. However, in the last fiscal work commenced on only 16 new houses under the scheme.

Source: dna March 05, 2018 00:33 UTC