JAIPUR: Defying the trend, Rajasthan Housing Board (RHB) earned over Rs 100 crore through auctioning of its flats across the state during the lockdown. At a time when most businesses were badly affected due to the corona pandemic, buyers showed interest in RHB properties, which were ignored for long because of their ‘substandard’ quality.

Officials believe the discounted rates, house on instalments and location of the flats attracted buyers to participate in the auctions. Commissioner of Rajasthan Housing Board (RHB) Pawan Arora said, “In the past two auctions organised every Wednesday, the RHB fetched Rs 103 crore after selling its 701 housing units. Last Wednesday, the board sold 320 flats and houses and this time we received increased number of buyers, 381.”

So far, the RHB scheme to provide discounted houses on instalments has attracted buyers across the state. An official said, “The board is selling houses on discounted rates in 45 schemes situated in 39 cities.

The buyer can pay the amount in 156 installments within the time frame of 13 years.” The maximum number 56 houses were sold in Alwar division. These RHB properties had failed to attract buyers in the past several years. The department is receiving success after organizing e-auction for the first time in the state. The board has planned to sell off its flats on discounted rates in e-auction, which is organised every Wednesday. Bidders willing to participate in online auction can register at the site.

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