Total income stood at Rs 220.07 crore in the second quarter of this fiscal as against Rs 623.81 crore in the corresponding period of the previous year.
The developers of licenced colonies, whose takeover by the Municipal Corporation of Gurgaon (MCG) was announced two years ago, have neither completed their pending infrastructure work nor paid the civic body to do it on their behalf.
After dilly-dallying for nearly two years, the state government has prepared a plan for allotment of houses built by Township and Infrastructure Development Corporation (Tidco). The government has directed district collectors and municipal commissioners to complete the allotment by December 20.