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State-owned Housing and Urban Development Corporation (HUDCO) has sanctioned loans exceeding INR 46,000 crore during the third quarter of the current financial year, reflecting steady momentum in housing and urban infrastructure financing. Cumulatively, loan sanctions during the April-December period stood at over INR 1.39 lakh crore, underlining robust demand for long-term funding across sectors. Loan disbursements also remained strong, crossing INR 41,000 crore in the first nine months of the fiscal. The performance highlights HUDCO's expanding role in supporting urban development, affordable housing, and critical infrastructure projects across states, aligned with growing investment requirements in cities and towns.
Housing and Urban Development Corporation (HUDCO), a state-owned financial institution, has reported strong loan sanctioning activity during the third quarter of the current financial year, approving loans worth more than INR 46,000 crore. The development underscores sustained demand for funding in housing and urban infrastructure projects across the country. Advertisement
According to regulatory disclosures, HUDCO sanctioned loans amounting to INR 46,167.32 crore during the October-December quarter. With this, the company's cumulative loan sanctions during the April-December period of the current fiscal reached INR 1,39,151.92 crore, reflecting a significant scale-up in financing activity compared to earlier years.
Loan disbursements also showed healthy growth. During the first nine months of the fiscal year, HUDCO disbursed INR 41,346.70 crore, on a provisional basis and subject to audit. Of this, INR 15,508.25 crore was disbursed in the third quarter alone, indicating steady execution and progress of funded projects.
HUDCO primarily finances housing and urban infrastructure initiatives, including affordable housing, water supply, sanitation, roads, and other civic infrastructure. Its lending supports central and state government programmes, urban local bodies, and public sector entities, playing a key role in strengthening urban ecosystems.
The strong performance comes at a time when urbanisation and infrastructure requirements are accelerating, with cities requiring significant investments to meet housing demand and improve basic services. Increased budgetary allocations for infrastructure and renewed focus on urban development have also contributed to higher borrowing by implementing agencies.
With consistent loan sanctions and disbursements, HUDCO continues to reinforce its position as a major institutional financier in the housing and urban infrastructure space. The company's performance in the third quarter reflects both execution strength and growing demand for long-term capital to support India's urban growth and housing ambitions.
Source - PTI
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