Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with Vadhvan Port Project (VPPL), a joint venture of JNPA (Government of India) and Maharashtra Maritime Board (MMB), an entity of Government of Maharashtra.
Through this MoU, HUDCO shall explore and provide funds up to Rs 25000 crore for development of new ports/PPP projects of VPPL.
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.
