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Financial Institution
Joint Venture8 Sept 2025, 05:53 pm

HUDCO Signs MoU with Nagpur Metropolitan Region Development Authority for Funding and Consultancy Services

AI Summary

Housing & Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with Nagpur Metropolitan Region Development Authority (NMRDA), Maharashtra, on 8th September, 2025. The MoU aims to establish a collaborative working partnership between HUDCO and NMRDA. HUDCO will explore and provide funds up to Rs. 11,300 Crore over a period of five years for land acquisition, housing, and development of infrastructure projects in Nagpur Metropolitan Region. Additionally, HUDCO will extend consultancy services and capacity building activities to meet the emerging requirements of NMRDA. The MoU was signed in the presence of Shri Devendra Fadnavis, Hon’ble Chief Minister, Maharashtra, Shri Eknath Shinde, Hon’ble Deputy Chief Minister, Maharashtra, Shri Sanjay Kulshrestha, Chairman & Managing Director, HUDCO and other dignitaries.

Key Highlights

  • HUDCO to provide funds up to Rs. 11,300 Crore to NMRDA over five years
  • Funds to be used for land acquisition, housing, and infrastructure development
  • HUDCO to extend consultancy services and capacity building activities to NMRDA
  • MoU signed in the presence of Shri Devendra Fadnavis and Shri Eknath Shinde
  • Partnership aims to meet the emerging requirements of NMRDA
HUDCO
Financial Institution
Housing & Urban Development Corporation Ltd

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