Housing and Urban Development Corporation Limited

The Housing and Urban Development Corporation Limited (HUDCO) is a government-owned corporation in India. One of the public sector undertakings, it is wholly owned by the Union Government and is under the administrative control of the Ministry of Housing and Urban Poverty Alleviation. It is mandated with building affordable housing and carrying out urban development.

The objectives of HUDCO include

"TO BE AMONG THE WORLD'S LEADING KNOWLEDGE HUBS AND TECHNO-FINANCIAL ORGANIZATIONS FOR CLEAN, GREEN AND SUSTAINABLE HABITAT DEVELOPMENT."

"TO PROMOTE SUSTAINABLE HABITAT DEVELOPMENT TO ENHANCE THE QUALITY OF LIFE" HUDCO would continue to explore opportunities in related sectors for sustainable profits, which in turn will help it to further support its social objectives. Towards expanding its role in the sectors, HUDCO plans to integrate itself along the complete project finance value chain and position itself as sector expert in the identified areas. HUDCO would leverage its expertise and experience gained over the years towards augmenting its Interest based activities. HUDCO's IT strategy is also focused on the right technology solutions to meet its business objectives, including setting up an industry bench marked integrated solution spanning HUDCO's business processes. HUDCO is poised to take up to a much more significant role in the 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 and lower groups.

Dr. M. Ravi Kanth, Chairman & managing director, HUDCO was awarded the ‘Legend CMD of the Year Award – 2014’ and Housing and Urban Development Corporation Limited (HUDCO) was presented the ‘Legend PSU of the Year Award – 2014’ by News Ink under the ‘Legend PSU shining Award – 2014’. These Awards are an initiative of PSU Khabar which is India’s No. 1 News Portal in PSU Segment.

Dr. M Ravi Kanth, Chairman and managing director, Housing & Urban Development Corporation Ltd. (HUDCO) received the ‘Udyog Ratan Award’ constituted by Delhi Telugu Academy. The award was given away by H.E. Sri Om Prakash Kohli, Hon’ble Governor of Gujarat during the Ugadi Celebration function held at New Delhi on 15 March 2015. Sri Ashok Gajapathi Raju Pusapati, Hon’ble Minister for Civil Aviation graced the occasion.