HUDCO Plans to Increase Borrowing Limit to ₹5.5 Lakh Crore for FY 2024-25

The Housing and Urban Development Corporation (HUDCO) is set to consider raising its borrowing limit to ₹5.5 lakh crore for FY 2024-25. This follows the Board's earlier approval to raise ₹40,000 crore through bonds or debentures during the fiscal year, contingent on actual funding needs. The propose...

The Housing and Urban Development Corporation (HUDCO) is set to consider raising its borrowing limit to ₹5.5 lakh crore for FY 2024-25. This follows the Board's earlier approval to raise ₹40,000 crore through bonds or debentures during the fiscal year, contingent on actual funding needs. The proposed increase in borrowing aims to support urban infrastructure and housing projects, subject to shareholders' approval. This move reflects HUDCO's commitment to addressing India's growing urban development demands. Source: Business Standard