HUDCO Signs MoU with Chhattisgarh Govt to Fund Housing, Infra Projects over Five Years

Housing and Urban Development Corporation said it has signed a memorandum of understanding with the Government of Chhattisgarh to explore funding for housing and infrastructure projects in the state.

The non-binding MoU was signed on January 7 at Nava Raipur. Under the arrangement, HUDCO may provide financial assistance of up to ₹1 trillion over the next five years for various housing and infrastructure initiatives in Chhattisgarh.

The company said the proposed funding would support the execution of multiple projects across the state, subject to appraisal and approvals in line with HUDCO’s policies.

HUDCO added that the MoU is aimed at strengthening its engagement with state governments in financing large-scale urban development and housing programmes.