KSHB Rebuilding its Reputation

25 May 2013
Thiruvananthapuram

Kerala State Housing Board, in the words of its Chairman Arackal Balakrishna Pillai, is now firmly on a path of rebuilding its reputation. The tides have decidedly turned in its favour with the UDF Government assuming office more than a couple of years back.He is quick to acknowledge the support and guidance provided by K.M. Mani, astute political veteran and able administrator, who is Minister for Finance and Housing.

“But for his timely intervention during critical times and visionary leadership, we would not have reached the stage where we find ourselves today,” Pillai says.

The cynicism entrenched in certain sections of the administration is something Pillai has to contend with during official meetings even now when the company has put itself on what Pillai says is an irreversible path to recovery.Pillai recalled that the present Board was bequeathed with what passed for remnants of an organisation after the governing board had changed over.The housing-sector refinancing institution is now willing to fund any new project being put forward by the Board, a beaming Pillai said.

Pillai said substantial releases from the State Government during 2011-12 (Rs 269 core) and 2012-13 (Rs 209 crore, as on January 31) amounting to an effective takeover of its dues has reduced the load on it by a huge margin.

Source– http://www.thehindubusinessline.com/industry-and-economy/real-estate/kerala-state-housing-board-rebuilding-reputation-block-by-block/article4456030.ece

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