Our Company is a wholly-owned Government company with more than 46 years” experience in providing loans for housing and urban infrastructure projects in India. We have been conferred the status of Miniratna (Category-I Public Sector Enterprise) by the GoI. As at September 30, 2016, our total sanctioned loans since our inception was Rs. 1,570,870.0 million, Rs. 612,305.4 million of which, or 38.97%, were Housing Finance (as defined below) loans and Rs. 958,573.2 million of which, or 61.02%, were Urban Infrastructure Finance (as defined below) loans. As at September 30, 2016, our total outstanding Loan Portfolio was Rs. 361,119.3 million, Rs. 112,951.1 million of which, or 31.28%, were Housing Finance loans and Rs. 248,168.2 million of which, or 68.72%, were Urban Infrastructure Finance loans and project-linked bonds.
We classify our housing finance loans into social housing, residential real estate and retail finance, which is branded as HUDCO Niwas (collectively, “Housing Finance”).
With respect to urban infrastructure finance, we make loans for projects relating to:
- water supply;
- roads and transport;
- emerging sectors, which includes SEZs (special economic zones), industrial infrastructure, gas pipelines, oil terminals and telecom sector projects;
- commercial infrastructure and others, which includes shopping centres, market complexes, malls-cum-multiplexes, hotels and office buildings;
- social infrastructure and area development; and
- sewerage, drainage and solid waste management (collectively, “Urban Infrastructure Finance”).
Our borrowers under Urban Infrastructure Finance are primarily State Governments and their agencies. We ceased sanctioning new Urban Infrastructure Finance loans to entities in the private sector in March 2013.