LOOKING AHEAD....REACHING THE VISION
The Housing and Urban Development Corporation Ltd. (HUDCO) is a premier techno-financing public sector enterprise, in the field of housing and infrastructure development in our country. HUDCO was incorporated on 25 April 1970. HUDCO is a unique institution with its motto of "Profitability with Social Justice", under the Ministry of Housing & Urban Poverty Alleviation (MoHUPA), HUDCO has been a key partner with the Government in building assets for the Nation. In its operations, HUDCO lays a considerable emphasis on the housing needs of the 'deprived' i.e Economically Weaker Sections (EWS) and Lower Income Groups (LIG).
HUDCO has an authorized capital of Rs.2500 Crore, of which the paid up equity is Rs. 2001.90 Crore. HUDCO was upgraded to a Schedule – A PSE in 2002 and was also conferred the Mini Ratna status in 2004. The corporation operates through a strong and multi-disciplinary work force placed over its nationwide network of regional and development offices. With its corporate vision of being among the world’s leading knowledge hubs and financial facilitating organizations for habitat development, HUDCO is on the mission of promoting sustainable habitat development to enhance quality of life.
In times of crisis like Earthquakes, Cyclone, Floods, tsunami etc., HUDCO has extensively contributed in the rehabilitation of the calamity affected households, through its technical and financial help for housing reconstruction.