HUDCO continues to develop sustainable habitat development

Housing and Urban Development Corporation (HUDCO)  

Head of the organization 
 M. Ravi Kanth (Chairman & MD)    

Website 
www.hudco.org

HUDCO is one of the public sector undertakings (PSU) and is wholly owned by the Union Government. It functions under the administrative control of the Ministry of Housing and Urban Poverty Alleviation. HUDCO started financing for development of infrastructures in 1989. The priority was to provide for infrastructure facilities, including projects in the sectors of drainage, electricity, water supply, sewerage, solid waste management and roads in the urban areas.

HUDCO is poised to take a much more significant role in the housing sector by supporting the growing needs of housing and infrastructure in the coming years with the continued growth of economy. HUDCO is also committed to play its unique social role with a special focus on the needs for the economically weaker sections.

Keeping in line with the digitization spirit, HUDCO has selected Intellect Design Arena for integrated lending and ERP solutions. The partnership will include provision of digital lending, treasury, general ledger and integrated accounting, procurement management among others.