Housing & Urban Development Corporation Signs MoU with NMRDA
About HUDCO
Housing & Urban Development Corporation Ltd (HUDCO) is a Government of India enterprise under the Ministry of Housing and Urban Affairs. Established in 1970, HUDCO provides long-term finance for housing and urban infrastructure projects across the country. It also extends consultancy services to state and municipal agencies, playing a pivotal role in urban development and affordable housing financing.
Key Update
- HUDCO signed a non-binding MoU with Nagpur Metropolitan Region Development Authority (NMRDA) on Sept 8, 2025, in Mumbai.
- The corporation will explore providing up to ₹11,300 Cr over 5 years for land acquisition, housing, and infrastructure development in Nagpur.
- HUDCO will also extend consultancy services and capacity building to NMRDA.
Investor Takeaway
The collaboration with NMRDA highlights HUDCO’s continued role in financing and supporting large-scale urban projects. This move strengthens its positioning as a preferred partner for infrastructure development, with potential to enhance long-term business opportunities and reinforce investor confidence.
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