Housing & Urban Development Corporation Ltd.

Housing & Urban Development Corporation Ltd. (HUDCO) is a public sector company fully owned by Govt. of India for financing of housing and urban infrastructure activities in India. HUDCO was incorporated on April 25, 1970 under the Companies Act 1956.

The cardinal objective of HUDCO is to undertake housing and urban infrastructure development programmes in the country, provide long-term finance for construction of houses for residential purposes in urban & rural areas and finance or undertake, the setting up of the new or satellite towns and industrial enterprise for building material Product portfolio
HUDCO services & product portfolio can be classified into following five categories:

1.Housing.
2.Urban Infrastructure.
3.Building Technology Promotion.
4.Research and Training.
5.Consultancy.

Objectives 

The Major Objective of HUDCO as under:

To provide long term finance for construction of houses for residential purposes or finance or undertake housing  and urban development programmes in the country.

To finance or undertake, wholly or partly, the setting up of new or satellite town.

To subscribe to the debentures and bonds to be issued by the State Housing (and or Urban Development) Boards, Improvement Trusts, Development Authorities etc., specifically for the purpose of financing housing and urban development programmes.  

To finance or undertake the setting up of industrial enterprises of building material.

To administer the moneys received, from time to time, from the Government of India and other sources as grants or otherwise for the purposes of financing or undertaking housing and urban development programmes in the country.

To promote, establish, assist, collaborate and provide consultancy services for the projects of designing and  planning of works relating to Housing and Urban Development programmes in India and abroad.