Housing and Urban Development Corporation (HUDCO) will raise funds through issue of bonds/ debentures (including Tax-free bonds, capital gain bonds, GoI fully serviced bonds, zero coupon bonds, deep discount bonds, subordinated bonds, inflation indexed bonds, bonds/ debentures of any nomenclature), as may be permitted by the regulatory authorities from time to time during the financial year 2019-20 upto a maximum of Rs 30,000 crore. The Board of Directors of the company at their meeting held on March 12, 2019, approved the same.
HUDCO finances social housing and residential real estate through primarily lending to State Governments and their agencies, which, in turn, extend the finance to or utilise the finance for the ultimate individual beneficiaries.
