HUDCO PMS

Housing and Urban Development Corporation Type: Public Sector Undertaking Industry: Housing Founded: 1970 Headquarters: New Delhi Key people: V.P.Baligar, IAS.(Chairman and Managing Director)

The Housing and Urban Development Corporation Limited (HUDCO): is a government- owned corporation in India. One of the public sector undertakings,

it is wholly owned by the union government and is under the administrative control of the Ministry of Housing and Urban Poverty Alleviation. It is charged with building affordable housing and carrying out urban development.

HUDCO describe its mission as: 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 towns: To subscribe to the debentures and bonds to be issued by the State Housing (and/or

Urban Development) Boards, Improved Trusts, development Authorities etc.: specifically for the purpose of financing housing and urban development programmes

To finance or undertake the setting of industrial enterprises of building material; To administer the moneys received from time to time, from the government of India

and other sources as grant or otherwise for the purpose of financing or undertaking housing and urban development programmes in the country and;

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

Cont………,• HUDCO was established in 1970 to address the housing needs and sustainable unban

infrastructure development in the country .

• It has partnered with the Govt. to fulfill the social responsibility of providing housing to Economical Weaker Section through various schemes across the country.

• The growth of HUDCO has been steady since its inception and in the year 2010-11 its sanction of loans was Rs.19767 Crore and releases were Rs.5105 Crore.

• The profit after tax was Rs. 548.90 Crore for the year 2010-11 as compared to Rs.495 Crore in the year 2009-10 (Growth of 11%).

• The total employee strength is 990 with 634 executives.

Cont….Vision 

"TO BE AMONG THE LEADING KNOWLEDGE HUBS AND FINANCIAL FACILITATING ORGANIZATIONS FOR HABITAT SETTLEMENT" 

Mission

"TO PROMOTE SUSTAINABLE HABITAT DEVELOPMENT TO ENHANCE THE QUALITY OF LIFE"

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