Looking Ways to sell Unsold Properties MPHIDB Madhya Pradesh
Unsold Properties MPHIDB Madhya Pradesh: To increase its annual income, MP Housing and Infrastructure Development Board (MPHIDB) is looking for different ways to sell its unsold properties worth around Rs 60 crore in Indore circle.
The balance sheet of Indore’s circle of eight districts shows income of around Rs 22 crore for the last fiscal year. Their aim is to increase it upto Rs 32-35 crore for the current financial year by selling the ready-possession properties worth around Rs 60 Crore, deputy commissioner said.
He said that a booklet, containing information of the ready-possession properties, will be distributed in different government and private offices as publicity of the projects.
The board has some big projects including Rainbow Residency to be come up. For advertisement of these properties, the board is looking for different ways of publicity.
He added the money, to be raised by selling the properties, will also help in starting constructions of some new projects including the affordable houses.
Source Link- https://timesofindia.indiatimes.com/city/indore/housing-board/articleshow/61650230.cms