HUDCO told to prioritise affordable housing -Governance Now

HUDCO told to prioritise affordable housing

HUDCO has designed projects in New Delhi, Sikkim

GN Bureau | November 15, 2017

#PSU #HUDCO #affordable housing #New Delhi #Sikkim #Hardeep Singh Puri

Housing and urban affairs minister Hardeep Singh Puri has asked HUDCO to give more priority to affordable housing under the government’s ‘Housing for All by 2022’ initiative.

Puri, while inaugurating the HUDCO Build Tech– 2017 pavilion at ITPO, lauded HUDCO’s contribution in financing a wide range of housing and infrastructure projects like roads, bridges, hospitals, metro rail and partnering in Pradhan Mantri Awas Yojana (PMAY) and National Urban Livelihoods Mission (NULM).

HUDCO CMD Ravi Kanth said the enterprise is a techno-financial institution and the exhibition has tried to capture the multi-dimensional roles played by HUDCO towards sustainable development, particularly urban development. The exhibition focuses on the housing and infrastructure projects and innovative consultancy assignments in architecture, city planning, utilisation of cost effective and sustainable building materials, technologies and services, and energy efficient green buildings.

“HUDCO’s contribution is not just limited to affordable housing but also contributes through financing of national assets like Lucknow Agra Expressway, Bengaluru Metro Rail and Cochin international airport. It has contributed to sustainable development through its financing of water supply schemes, riverfront development as well as creation of public spaces and conservation of lakes. The exhibition captures the tremendous work done by HUDCO for affordable housing and urban infrastructure,” he said.

He added that the company has also designed some landmark projects in New Delhi, Sikkim, as well as affordable housing in J&K and Madhya Pradesh. HUDCO is a central nodal agency (along with NHB) for the credit linked subsidy scheme (CLSS) component of the centre’s programme Pradhan Mantri Awas Yojana (PMAY) – Urban.

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