PSUs

HUDCO Signs MoU with MMRDA for Rs 1.5 lakh crore

By IndianMandarins- 09 Apr 2025
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Mumbai (09.04.2024): The Housing and Urban Development Corporation Limited (HUDCO) on April 8, 2025 signed a Memorandum of Understanding (MoU) with the Mumbai Metropolitan Region Development Authority (MMRDA). The MoU has been signed to finance and support infrastructure projects in the Mumbai Metropolitan Region (MMR). 
HUDCO has committed to exploring and providing financial assistance of up to Rs 1,50,000 crore over a five-year period for infrastructure projects undertaken by MMRDA. The collaboration also includes consultancy services and capacity-building support from HUDCO to help MMRDA meet its evolving project and institutional needs. 
The MoU was signed in the presence of Maharashtra Chief Minister Devendra Fadnavis, Deputy Chief Minister Eknath Shinde, and HUDCO Chairman and Managing Director Sanjay Kulshrestha. This strategic partnership marks a major milestone in strengthening urban infrastructure in one of India’s most dynamic and densely populated metropolitan regions. It also highlights HUDCO’s continued commitment to promoting sustainable urban development across the country. 

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