HUDCO’s experience is advantage for development of smart cities: Puri

By Accommodation Times Bureau


Hardeep Puri, Minister of Housing & Urban Affairs has urged HUDCO on Wednesday to expand its activities and cover a large number of stakeholders under its lending operations by taking up innovative projects to accelerate the pace of investment in housing & urban infrastructure realizing the much-desired PSU “PragatiSewaUrja” status, as envisioned by the Hon’ble Prime Minister.He also suggested that HUDCO may focus on the needs of aspirational districts thus helping in the balanced development across the country.

He was addressing an event organized to celebrate the 48th Foundation Day of HUDCO here today.

Appreciating HUDCO team for their growth-oriented performance and the excellent MOU rating that HUDCO has been achieving for the last 7 years, the Housing and Urban Affairs Minister observed that HUDCO has been able to strengthen its growth trajectory from a meager profit of 11 lakhs in 1970 to 1100 crore, which is indicative of its professional competence.

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