Brief About HUDCO

Can you tell me about the objectives of Housing and Urban Development Corporation Limited (HUDCO)? Also list me the names of Board of Directors of Housing and Urban Development Corporation Limited (HUDCO)?

[Raman Vij]

The Housing and Urban Development Corporation Limited (HUDCO) is a government-owned corporation in India which is wholly owned by the Union Government.

It is under the administrative control of the Ministry of Housing and Urban Poverty Alleviation and is authorization with building affordable housing and carrying out urban development.

Objectives

• Commence business of Venture Capital Fund in Housing and Urban Development Sectors facilitating Innovations in these sectors and invest in and/or subscribe to the units/shares etc. of Venture Capital Funds promoted by Government/Government Agencies in the above areas.

• Providing stretched finance for construction of houses for residential purposes or finance or undertake housing and urban development programmes in India;

• Subscribe to the debentures and bonds to be issued by the State Housing Boards, Improvement Trusts, Development Authorities etc. purposely for financing housing and urban development programmes;

• Finance or take on the setting up of industrial enterprises of building material; Finance or undertake, completely or partially, the setting up of the new or satellite towns;

• Administer the money received, occasionally, from the Government of India and other sources as grants or otherwise for the purposes of financing or undertaking housing and urban development programmes in the country, and
• Encourage, establish, aid, team up and provide consultancy services for the projects of designing and planning of works relating to Housing and Urban Development programmes in India and abroad.

• Locate its own Mutual Fund to Housing and Urban Development programmes and invest in, and subscribe to the units etc. of Mutual Funds, promoted by the Government to its Agencies for the above purpose.

Board of Directors

Dr M Ravi Kanth, IAS(r)
Chairman & Managing Director
HUDCO Bhawan, India Habitat Centre,
Lodhi Road, New Delhi- 110003
Ph:011-24693022
Fax: 011-2469 7378

Shri N L Manjoka
Director (Corporate Planning)
HUDCO Bhawan, India Habitat Centre,
Lodhi Road, New Delhi- 110003
Ph: 011-24690478, +91 9818425757
Fax: 011-2462 0745

Shri Rakesh Kumar Arora
Director (Finance)
HUDCO Bhawan, India Habitat Centre,
Lodhi Road, New Delhi- 110003
Ph: 011-24627093, +91 9999831739
Fax:011-24627035

Govt. Nominee Directors

Shri Rajiv Ranjan Mishra
Joint Secy.Ministry of Housing and Urban Poverty Alleviation,
Nirman Bhawan,
New Delhi - 110011

Smt. Jhanja Tripathy
Joint Secy. & Financial Advisor, Ministry of Housing and Urban Poverty Alleviation,
Nirman Bhawan,
New Delhi - 110011 Ph: 011-23062792, Fax: 011-23062899