Housing & Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with the Government of Gujarat. As per the MoU, HUDCO aims to provide financial assistance of up to Rs 1,00,000 crore during next two years to identified infrastructure projects, towards overall economic development of the state of Gujarat.
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.
