Housing and Urban Development Corporation Ltd. (HUDCO)

The Housing and Urban Development Corporation Ltd.(HUDCO) was set up in 1970 as a fully owned Government company to finance and undertake.

• Housing and Urban Development programme in India with special emphasis on low cost housing.
• Development of new townships and their infrastructural needs.
• Development of buildings material technology and industries.
• Consultancy services with India and abroad.

Resource Base

Starting with an equity base of Rs.2 Crores, the present paid up capital of HUDCO is Rs.2001.90 crores.

Housing

As on 31.01.2012, HUDCO contributed to the construction of over 150.35 lakh dwelling units including upgradation of 41.56 units all over the country. Of this 89.92 lakh houses benefits the rural housing needs and the balance 60.42 lakh the urban housing needs. HUDCO’s has so far sanctioned 14772 projects (excluding Urban Infrastructure projects) involving a total amount of 38057 Cr.

55% of housing loan of HUDCO has been allocated for Economically Weaker Section (EWS) and Low Income Group (LIG) which carries a concessional rate of interest of 8.5%(floating) to 9.75%(floating), over 92% of the dwelling units sanctioned by HUDCO benefit these sections of society.

In the last 41 years, HUDCO has reached people in over 1859 towns and hundreds of villages. Much of the assistance is project oriented, ensuring that the housing in affordable, technically sound, financially viable, legally acceptable and above all environmentally appropriate.

HUDCO plays a major role in implementation of National Housing Policy. It has been entrusted with the implementation of the priority programmes of the Ministry like Low Cost Sanitation, Night Shelter for Footpath Dwellers, Shelter Upgradation under Nehru Rozgar Yojana, Rural housing under Minimum Needs Programme.
 

Urban Infrastructure

URBAN INFRASTRUCTURE FINANCING BY HUDCO

Building Technology

HUDCO has sanctioned 655 (577 urban & 78 rural) building centres all over the country to introduce alternative and cost effective building technology to people. Premier research and development institutes in the country need these building centres with innovative options, which are cost saving, durable, functional and aesthetic.
Financial assistance is extended to the building materials industry to encourage innovative and alternative methods employing agricultural and industrial waste.

Design And Consultancy

HUDCO’s is offering technical consultancy in the areas of Architecture, Urban Planning, Urban Design, Landscape Planning including Heritage Planning, Management & Conservation. HUDCO is actively involved with various Ministries in the development of Rich Cultural Heritage and provision of regional infrastructure for overall growth and development. HUDCO has also done considerable work on weaker section housing as well as cost effective housing and has achieved wide acclaim with regard to planning, design and delivery of mass housing. Some of the prestigious and projects include:
• Leh Rehabilitation Project for Victims of Cloud Burst as CSR Initiative.
• Gas Victim Housing project at Bhopal (I.I.A’s Award)
• New Town development at Pimpri-Chinchwad (I.I.A’s Award)
• New Jammu Township (PM’s National Award)
• Latur Earthquake Rehabilitation Project (World Habitat Award)
• Rehabilitation project for Basket Weavers at Coimbatore (UNCHS’s Best Practices Award)
• National Games Village
• Earthquake rehabilitation in the Hill Districts of Uttar Pradesh.
• HUDCO's Assistance for Earthquake rehabilitation in Jabalpur.
• HUDCO's Assistance for Rehabilitation of the Super-cyclone affected in Orissa.
• Rehabilitation of Earthquake Affected Regions of Gujarat.