Akash Sama­roo

The Hous­ing De­vel­op­ment Cor­po­ra­tion (HDC) will end its con­tracts with at least 50 main­te­nance providers and their em­ploy­ees by year’s end and has sig­nalled the pos­si­bil­i­ty of fur­ther staff re­duc­tions as its chair­man seeks to re­verse, what he says, is a decade of se­vere fi­nan­cial mis­man­age­ment.

In an ex­clu­sive in­ter­view with Guardian Me­dia at the HDC’s South Quay of­fice yes­ter­day, Chair­man Feeroz Khan paint­ed a pic­ture of the cor­po­ra­tion’s cur­rent fi­nan­cial predica­ments, which he said have led him to take cer­tain “cor­rec­tive ac­tions.”