HUDCO
HUDCO - Housing And Urban Development Corporation Ltd was incorporated on 25th April 1970. HUDCO India was formed to assist various agencies and authorities in upgrading the housing conditions in the country. Special emphasis was laid on the development of housing facilities or HUDCO Niwas Yojana for the lower income group (LIG) and the economically weaker sections (EWS) of the society.
Starting with an initial equity base of Rs. 2 crores, HUDCO India has a net worth of Rs. 3977 crores today. HUDCO Inc primarily aims to provide financing for housing developments. HUDCO Financial Services are the task of HUDCO Bank that has mobilized finances from:
- Financing institutions like LIC, GIC and other banking institutions
- International assistance from KfW, JBIC, ADB, USAID etc.
- Market borrowings through debentures, taxable and tax-free bonds
- Public deposits
HUDCO has been associated with not just housing development but the overall infrastructure development assistance. The activity areas of HUDCO include:
HOUSING
- Urban housing
- Rural housing
- Staff rental housing
- Repairs and renewal
- Shelter and sanitation facilities for footpath dwellers
- Workingwomen ownership condominium housing
- Housing through private builders/ joint sector
- Individual HUDCO housing loans and HUDCO home loan for construction and renovation through 'HUDCO Niwas'
INFRASTRUCTURE
- Integrated land acquisition and development
- Environmental improvement of slums
- Utility infrastructure
- Social infrastructure
- Economic and commercial infrastructure
FINANCIAL SERVICES
- HUDCO Niwas - HUDCO home loans by HUDCO Bank
- Financing of Urban Development Projects and Industrial Products Projects by HUDCO Bank.
BUILDING TECHNOLOGY
- Building centres for technology transfer at grass-roots
- Building materials industries
CONSULTANCY SERVICES
- Consultancy in housing, urban development and infrastructure
RESEARCH AND TRAINING CAPACITY
Building and technical assistance to all borrowing agencies, research training and networking in human settlement planning and management.
Along with the above services by HUDCO Inc, HUDCO also serves India as HUDCO Electric Supply Limited. HUDCO Electric is a wholesale distributor of electrical products to industrial, commercial and residential markets covering motor control, distribution products, wire and cable, lighting fixtures, conduit, boxes and fittings, electric heating, wiring devices and many other products.
Other critical HUDCO services includes real estate development projects by HUDCO Delhi on behalf of the ministry of urban development on land allotted at Andrews ganj ( (HUDCO place) and Bhikaji Cama Place (HUDCO Vishala, HUDCO Trikoot and August Kranti Bhavan).
These activities cover the states of Jammu & Kashmir, Punjab, Himachal Pradesh, Haryana, Rajasthan, Uttar Pradesh, Bihar, Tripura, West Bengal, Orissa, Andhra Pradesh, Tamil Nadu, Kerala, Karnataka, Maharashtra, Madhya Pradesh and Gujarat.
For further info on HUDCO industrial products and HUDCO financial services including current HUDCO Home Loan and HUDCO Housing Loan Interest Rates, HUDCO Delhi, HUDCO Chennai, HUDCO Place, and also about the recruitment and careers at HUDCO refer to HUDCO website.
CONTACT DETAILS:
Corporate Office Address:
Housing & Urban Development Corporation Limited
HUDCO Bhawan,
Core-7A,
India Habitat Centre
Lodhi Road,
New Delhi - 110003
Phone: 91-11- 24649610-23
Fax: 91-11-24625308
Email: mailto:hudco@hudco.org
Website:http://www.hudco.org/
|
|
