HUDCO signs MoU with NMRDA
The non-binding MoU has been entered to establish robust collaborative working partnership between HUDCO and NMRDA
Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with Nagpur Metropolitan Region Development Authority (NMRDA), Maharashtra. The non-binding MoU has been entered to establish robust collaborative working partnership between HUDCO and NMRDA wherein HUDCO shall explore and provide funds up to Rs 11,300 crore over a period of five years, for land acquisition, housing, and development of Infrastructure Projects in Nagpur Metropolitan Region. Further, HUDCO will also extend Consultancy services and Capacity Building activities to meet the emerging requirements of NMRDA.
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.
