We classify our housing finance loans into loans for social housing, residential real estate and HUDCO Niwas.
- Social Housing:
Under social housing, the ultimate beneficiaries of our financing are borrowers belonging to the EWS of the society and the LIG.
- Residential Real Estate:
Under residential real estate, the ultimate beneficiaries of our financing are public and private sector borrowers for housing and commercial real estate projects, including land acquisition. Such housing and commercial real estate projects cater primarily to the middle-income group and high-income group of society.
We finance social housing and residential real estate through lending money to State Governments and their agencies (which primarily include state housing boards, rural housing boards, slum clearance boards, development authorities and Municipal Corporations), which, in turn, extend the finance to or utilise the finance for the ultimate beneficiaries. We ceased sanctioning new social housing and residential real estate loans to private sector entities in March 2013.
- HUDCO Niwas:
Under our retail finance product, which we call HUDCO Niwas, we provide (a) housing loans directly to individuals for the construction of houses, the purchase of houses and flats, the purchase of plots from public agencies/ co-operative housing societies of government employees, the extension and improvement of existing houses or flats and the refinancing of existing housing loans from banks and other financing institutions (collectively, “Individual Retail Loans”) and (b) bulk loans to State Governments, their agencies and PSUs to meet the demand of the house building advance of their employees/public, along with HFCs for housing loans for the general public (“Bulk Retail Loans”).
We classify Urban Infrastructure Finance into: water supply; roads and transport; power; emerging sectors; commercial infrastructure and others; social infrastructure and area development; and sewerage and drainage.
- Water Supply:
Under water supply, we finance water related projects to un-serviced areas, rehabilitation projects and augmentation of existing supply and quality.
- Roads and Transport:
Under roads and transport, we finance roads, bridges, ports, airports, railways and purchase of buses.
Under power, we finance power generation (hydro, thermal, wind, solar and bio mass based), transmission and distribution systems.
- Emerging Sector:
Under the emerging sector, we finance SEZs (special economic zones) industrial infrastructure, gas pipelines, oil terminals and telecom sector projects.
- Commercial Infrastructure and Others:
Under commercial infrastructure and others, we finance shopping centres, market complexes, malls-cum-multiplexes, hotels and office buildings.
- Social Infrastructure and Area Development:
Under social infrastructure and area development, we finance health, education and infrastructure projects (such as hospital, health centres, schools and other educational institutions, community centres and parks), integrated area development schemes (such as the development of new towns, urban extensions and growth centres) and basic sanitation projects.
- Sewerage and Drainage:
Under sewerage and drainage, we finance new schemes and augmentation and rehabilitation projects relating to sewerage, drainage and solid waste management.