Housing and Urban Development Corporation’s (HUDCO) one of the borrowing agencies with principal outstanding of Rs 726.35 crore has cleared its dues on January 9, 2020 and now is out of NPA as on date. Earlier, the company’s two borrowing agencies had defaulted in repayment of their dues.
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.
