Housing and Urban Development Corporation (HUDCO) and Andhra Pradesh’s Capital Region Development Authority have inked Rs 11,000 crore loan agreement for the construction of the greenfield capital city, Amaravati. As per this deal, HUDCO will extend a loan of Rs 11,000 crore for the capital construction.
HUDCO board meeting held in Mumbai on January 22 had given a green signal for the loan.
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.
