India, March 26 -- The Bombay high court on Wednesday rapped CIDCO over the implementation of its affordable housing schemes, observing that a project meant for the Economically Weaker Sections (EWS), and Low Income Group (LIG) categories was being used as a "means of investment or profit-making" by higher-income groups.

Citing Dr B R Ambedkar's famous statement in his final constituent assembly speech, a division bench of Justices Ravindra Ghuge and Abhay Mantri said, "However good a Constitution may be, it is sure to turn out bad because those who are called to work it happen to be a bad lot," indicating that the objective of the CIDCO scheme, for which it had been formulated, had not been fulfilled.

Accordingly, the court stayed the ...