Housing and Urban Development Corporation (HUDCO) has received an amount of Rs 253.83 crore (Principal Outstanding Rs 81.87 crore) in full and final settlement of its dues on September 13, 2019. The company has recovered the amount in an old default matter since June 2004.
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.
