Chandigarh, Feb. 24 -- Having failed to launch even a single housing project for nearly a decade, the Chandigarh Housing Board (CHB) has been seeing a steady decline in its profits.

The profits dipped from Rs.25 crore in 2022-23 to Rs.20 crore in 2023-24, Rs.17 crore in 2024-25, and further to just Rs.15 crore in 2025-26 (till January 31, 2026).

Apart from absence of fresh housing schemes, the falling income from e-auctions, traditionally CHB's main source of revenue, is behind the sharp decline. In 2022-23, the board sold 114 properties, earning Rs.76.2 crore. Sales dropped drastically to just 35 properties in 2023-24, fetching Rs.22.9 crore, and further to only 18 properties in 2024-25, generating a mere Rs.9.2 crore, an overall decli...