Financial Performance of Housing and Urban Development Corporation

New Delhi February 6, 2014: With the support of Ministry of Housing & Urban Poverty alleviation, as a part of budget announcement, HUDCO had been allocated Tax-free Bonds to the tune of Rs. 5000 crores, each during three consecutive year i.e. 2011-12, 2012-13 and 2013-14. This was stated by Dr. (Ms.) Girija Vyas, Union Minister of Housing & Urban Poverty Alleviation (HUPA), in a written reply to a question in the Lok Sabha today.

              The Minister further stated that Pursuant to allocation of Tax – free Bonds, HUDCO mobilized an amount of Rs. 5000 crore and Rs. 2401.35 crore during Financial Year 2011-12 and 2012-13, respectively, by issue of Tax Free Bonds. Further, against allocation of Rs. 5000 crore for the current year, HUDCO has till date mobilized an amount of Rs. 4714.19 crores during Financial Year 2013-14.

            The details of the financial performance of HUDCO during the last three years is as follows:

                                                                                                                                               Rs. in crores

              The Minister further stated that as on 31.12.2013, HUDCO has sanctioned 99.25 lakh housing units in the rural areas. In terms of the number of units, this forms 62.26% of all the units sanctioned by HUDCO in both rural and urban areas (total units sanction by HUDCO is 159.41 lakhs). In terms of loan amounts, HUDCO has sanctioned Rs. 11890.59 crores for rural housing, which forms 24.73% of the total loan sanctioned for housing in urban and rural areas (which is Rs. 48,083 crores), the Minister added.