TFP Bureau, Raipur, July 17, 2025: The Chhattisgarh Housing Board’s One Time Settlement Scheme (OTS-2) has recorded an unprecedented milestone, with 920 properties sold generating a revenue of Rs 139.47 crore, Housing and Environment Minister Shri O. P. Choudhary announced today in the state Legislative Assembly.
Launched on March 1, 2025, the OTS-2 scheme offers special phased discounts on vacant properties based on their vacancy duration. Properties vacant for 5 to 10 years receive discounts of 20% to 30%, while those vacant for more than 10 years get a 30% discount. Newly included properties completing five years of construction offer a 10% discount. These discounts apply to the base price, with final allotment made to the highest bidder.
Minister Choudhary hailed the scheme’s success as a major boost in making previously unoccupied Housing Board properties accessible to the public, reflecting increased buyer confidence and marking a milestone in the Board’s history.
Housing Board Declared Debt-Free
In a significant financial achievement, the Housing Board is now completely debt-free after the state government cleared outstanding bank loans of approximately Rs 800 crore. “This debt clearance empowers the Board to undertake future projects with greater financial strength,” said the Minister.
New Construction Only After 60% Pre-Booking
To ensure effective implementation of new housing projects, Shri Choudhary declared that no new construction will commence unless at least 60% of units are pre-booked. This measure aims to avoid incomplete projects and enhance scheme success rates.
He also emphasized that the Housing Board is evolving beyond traditional roles by adopting a corporate model to develop a diverse portfolio including affordable housing, premium residences, and commercial properties—aligned with the state’s urban development and self-reliant housing policies.
Focus on Public Welfare
The Minister reaffirmed the Board’s commitment to providing affordable, safe, and quality housing especially tailored for common citizens, lower, and middle-income families. “Our goal is to ensure every citizen has the opportunity to live with dignity and security,” he concluded.
