- Business
- Housing and Urban Development Corporation Limited (HUDCO) operates as a public sector enterprise providing long-term finance for housing and urban infrastructure development projects in India. The company offers financial assistance for integrated housing projects, slum redevelopment, urban infrastructure including water supply, sewerage, solid waste management, roads, bridges, and power projects; it also extends loans for housing finance institutions, cooperative societies, and state-level agencies. HUDCO provides consultancy services in project formulation, design, implementation, and evaluation, along with technical advisory support for urban planning and development. Founded in 1970 and headquartered in New Delhi, India, HUDCO primarily serves central and state governments, public sector undertakings, development authorities, and private developers across all states and union territories in India. In recent developments, HUDCO raised approximately INR 6,000 crore through a qualified institutional placement in September 2024 to bolster its lending capacity amid surging demand for affordable housing and infrastructure financing; the company also partnered with the National Highways Authority of India for financing highway projects and launched green bonds to fund sustainable urban initiatives, reflecting its strategic shift toward ESG-compliant financing in the last two years.