Housing and Urban Development Corporation’s (HUDCO) two borrowing agencies have defaulted in repayment of their dues with a defaulted amount of Rs 87.46 crore against the principal outstanding of Rs 869.41 crore as on date and have been classified as NPAs with an impact of 1.14% on Gross NPA.
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.