What is Housing & Urban Development?
The Housing and Urban Development Corporation Ltd. (HUDCO) is a premier techno-financing public sector enterprise dedicated to housing and infrastructure development within its country. Established on April 25, 1970, HUDCO operates under the motto "Profitability with Social Justice" and functions within the Ministry of Housing & Urban Poverty Alleviation (MoHUPA). It has been instrumental in building national assets, with a strong emphasis on addressing the housing needs of economically weaker sections (EWS) and lower-income groups (LIG). HUDCO's authorized capital stands at Rs. 2500 Crore.
How much funding has Housing & Urban Development raised?
Housing & Urban Development has raised a total of $194.6M across 1 funding round:
Debt
$194.6M
Debt (2016): $194.6M, investors not publicly disclosed
What's next for Housing & Urban Development?
The recent major strategic investment signals a phase of significant expansion or operational enhancement for Housing & Urban Development. This capital infusion is likely to bolster its capacity to undertake large-scale infrastructure projects and further its mission of providing affordable housing solutions. The company's established track record and focus on social justice, combined with this substantial backing, position it for continued growth and impact in the national development landscape.
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