HOUSING AND URBAN DEVELOPMENT

CORPORATION (HUDCO)

SUBMITTED BY :
ANIKET 10001006011

INTRODUCTION
It is agovernment-owned corporationinIndia.
One of thepublic sector undertakings, it is wholly owned
by theUnion Governmentand is underthe administrative
controlof theMinistry of Housing and Urban Poverty
Alleviation.
It was set up with a view to provide loans and technical
support to States and City level agencies and other
eligible
organization
for
various
types
of
housing
activities and infrastructure development.
It
is
charged
with
buildingaffordable
carrying outurban development .

housingand

HUDCO wasincorporatedon April 25, 1970.

In 1972, HUDCO catalyzed innovative housing schemes
withwell-known architectsasB. V. Doshi,Charles Correa,
andChristopher Charles Benninger.

HISTORY OF HUDCO
HUDCO, since its inception in 1970, has made steady and

significant strides in the field of housing and urban

infrastructure financing, to emerge as the pioneer and the
trend-setter.
Catering to the needs of every section of the population,
with a basket of delivery options both in housing and urban
infrastructure
development,
HUDCO
aims
to
achieve
sustainable growth in these sectors.
HUDCO is fast emerging as the only organization of its
kind for dealing with the unique needs of shelter and
infrastructure development and still ensuring profitable
results.
HUDCOs assistance covers the housing needs of every class
of the society, with special emphasis on the weaker sections
and the deprived.

Housing is a basic need and like any basic human need will
be constantly in demand.
The potential for housing in this country is huge by NHB
estimates.
The paradox of Indian economic growth manifests itself in
several ways.
India has high housing shortage; on the other hand there is
a massive and rapidly growing stock of vacant houses.
HUDCO has contributed significantly for housing for the
disaster affected population, by extending substantial
techno-financial
assistance
for
rehabilitation
and
reconstruction in the aftermath of natural calamities
HUDCO has been advocating pre-disaster mitigation and risk
reduction involving prediction, preparation, prevention,
publicity and protection, in addition to post-disaster
actions of rescue, relief, rehabilitation, reconstruction,
repairs, and renewals and retrofitting.

PRESENT HOUSING SENARIO IN INDIA

Indias urban population has grown at a CAGR of 2.8% over
2001-2011, resulting in an increase in the urbanization
rate from 27.8 % to 31.2%.

Housing shortage would not be a major problem if there is

no mismatch between the
people
for
whom
the
houses
are being built and those who need them.
According to Census 2011, India has a total population of
1.21 billion out of which .377 Billion live in urban areas.
Growing concentration of people in urban areas has resulted
in an increase in the number of people living in slums and
squatter settlements.
It is apparent that substantial housing shortage looms in
Urban India and a wide gap exists between the demand and
supply of housing, both in terms of quantity and quality.
About nineteen million (18.78 million) households grapple
with housing shortage in Urban India (2012) as per the
estimate of the Technical Group on Urban Housing Shortage
(TG-12)(2012-17)
constituted by NBO, M/o
Housing
&
Urban Poverty Alleviation.
Census 2001 data of 0.8 million homeless people has been
assumed to remain constant during 2001-11.

Housing shortage would not be a major problem if there is

no mismatch between the people for whom the houses
are being built and those who need them.
According to Census 2011, India has a total population of
1.21 billion out of which .377 Billion live in urban areas.
Growing concentration of people in urban areas has
resulted in an increase in the number of people living in
slums and squatter settlements.
It is apparent that substantial housing shortage looms in
Urban India and a wide gap exists between the demand and
supply of housing, both in terms of quantity and quality.
About nineteen million (18.78 million) households grapple
with housing shortage in Urban India (2012) as per the
estimate of the Technical Group on Urban Housing Shortage
(TG-12)(2012-17)
constituted by NBO, M/o
Housing
&
Urban Poverty Alleviation.
Census 2001 data of 0.8 million homeless people has been
assumed to remain constant during 2001-11.

PROGRAMMES OF HUDCO
HUDCO extends assistance benefiting the masses in
urban and rural areas under a broad spectrum of
programmes as listed below:

Housing
Infrastructure
Building Technology
Consultancy Services
Research and Training

OBJECTIVES OF HUDCO
To provide long term finance for construction of houses for
residential purposes or finance or undertake housingand
urban development programmes in the country.
To finance or undertake, wholly or partly, the setting up of
new or satellite town.

To subscribe to the debentures and bonds to be issued bythe

State Housing(and or Urban Development) Boards, Improvement
Trusts, Development Authorities etc., specifically for the
purpose of financing housing and urban development
programmes.
To finance or undertake the setting up of industrial
enterprises of building material.
To administer the moneys received, from time to time, 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.

OBJECTIVES OF HUDCO
To promote, establish, assist, collaborate and provide
consultancy services for the projects of designing
andplanning of works relating to Housing and Urban
Development programmes in India and abroad.
To finance and undertake housing and urban development
programs in urban and rural areas.

To finance and undertake either wholly or partly, the

setting up of new towns or satellite towns covering
infrastructure needs in urban and rural areas.
To finance and undertake the setting up of building
material industries.
To provide consultancy services for projects of housing
and urban development within the country and abroad.

ROLE OF HUDCO IN PROVIDING FINANCE

Eligible borrowers are:
State level financing institutions / corporations
Water supply and sewerage boards
Development authorities
State functional borrowers for housing & urban development
New town development borrowers
Regional planning boards
Improvement trusts
Municipal corporations / councils
Joint sector companies
Cooperative societies / trusts
NGOs
Private companies/borrowers including BOT operators,
concessionaires
HUDCO housing operations have a major social orientation with
HUDCO having aclear-cutmandateto provide financial support
for affordable shelter to the EWS / LIG categories.
Cumulatively over 92.31% of the dwelling units sanctioned by
HUDCO have thus benefited the EWS & LIG groups. The other

Role of HUDCO in solving housing problem

URBAN HOUSING
HUDCO has emerged as a major contributor in the housing sector
during the last nearly four decades of its existence
The soft financial terms for EWS and LIG housinginclude lesser
interest rates compared to other income group households, larger
extent of the house cost extended as loan assistance, and a
longer repayment period.

The various projects being funded by HUDCO underHousinginclude

the following:A major focus is laid towards meeting the requirements of
housing for EWS and LIG households.
Extensive assistance is also extended under this portfolio to
schemes pertaining to IHSDP (Integrated Housing & Slum
Development Programme) and BSUP (Basic Services for the Urban
Poor) beneficiaries of the JNNURM (Jawahar Lal Nehru National
Urban Renewal Mission) a Government of India scheme.

RURAL
Financial assistanceis available toany state govt.agency
such as housing board, rural housing board, district boards,
panchayat, taluka development board etc. which is nominated
by the state govt. for underatking such schemes with hudco's
financial assistance.
The following three types of schemes are being financed by
hudco inrural areas:

EWS rural housing schemes for the landless.

EWSrural housing schemesfor the land owning category
Village abadi schemeincluding repairs
CO OPERATIVE
Cooperative housing is one aspect of the housing sector
which has claimeda fair share of HUDCOassistance &
support. HUDCO has earmarked certain percentage of its
annual loan sanction for cooperative, which it is expected
to progressively increase in the coming year.

SLUM UPGRADATION
The loansunder such schemes are given tothe housing boards, slum
clearance board, development authorities, improvement trusts,
local bodies etc.

To help the urban poor for upgradation/improvement of slum as well

as housing in inner city areas which are predominantly inhabited
bylow income group.
NIGHT SHELTER
During 1990-91, for the rehabilitation of footpath dwellers in the
cities with over one million population, construction of night
shelters was taken up with Central assistance and with suitable
contribution by the Municipal bodies/States and loan assistance
from HUDCO.
The scheme provides night shelter facilities in exclusive lots to
single men, women and children living on pavements, depending on
the characteristic needs of an urban centre.
On completion, these schemes would lead to creation of 271 WC
seats, 128 baths and 9 urinals for the benefit of footpath

ARANYA COMMUNITY HOUSING (1983-86 BY B.V.DOSHI)

Housing shortages in India, particularly in urban areas,
where nearly 23 per cent of the population of well over 800
million now lives, are a severe problem.
The 'sites and services' scheme allows people to buy a lot
with sewer electricity and water connections provided at a
minimal cost.
Incrementally planned house designs are usually preferred
by the co-operative to ensure the economic advantages of
pre-fabrication and standardization as well as formal
cohesion to encourage the sense of community.
The Aranya Community Housing Project, located six
Kilometers from the centre of Indore on the Agra-Bombay
Highway, is the result of a series of studies initiated by
Doshi in the early 1980s.

Housing at the Aranya Community Project:

Seeking a community character by establishing harmony
between People and the built environment.
The streets are wide enough for the movement formal
traffic.
The space between housing clusters encourages social
interaction, just as in a traditional narrow street of a
typical urban district.

He found that the slums in the area, while unplanned and

crowded, had a legible pattern, with huts clustered into
small neighborhoods and houses with public zones opening
onto common spaces.
Small shops were present in even the poorest settlements,
as was 'landscaping', with trees often planted in public
areas.
Streets are not just for pedestrian or vehicular traffic
but are also the preferred setting for social, economic
and domestic activities.
Provision of utilities, however, is a chronic problem in
squatter settlements, a critical missing consonant for a
healthy community.
The project, comprising about 6,500 housing units built
primarily for the 'economically weaker sector', or poor,
but also including other income groups, has been planned
to grow to house 40,000.

Doshi's original penuries was that a viable community is

more than an assembly of well designed and well built homes
and must also involve public and private agencies working
in tandem to provide a secure financial basis so that the
community can become firmly established.
With lack of topographical features, Doshi focus on the
climate and the residents as the key factors in his design,
as he set out four general objectives for Aranya. These
are:
(1)To create a township where a sense of continuity and
fundamental values of security exist in a good living
environment
(2) To achieve a community character by establishing
harmony between the built environment and the people
(3) To create a balanced community of various socioeconomic groups, encouraging co-operation, tolerance and
self-help generated through a physical planning process

Foundations- Small diameter, under rimmed piles in

concrete, cast in situ locally.
Principal Structural Members- Reinforced concrete plinth
beams - cast in situ - local Brick load bearing walls in situ local Reinforced concrete slabs - in situ
local
Infill- Brick masonry walls - in situ - local

Rendering of Facades or Exterior Finishes- Cement plaster

and paint
Floors- Brickbat lime concrete with Kota stone/IPS finish
Ceilings- RCC slab plastered and painted
Roofing-RCC slab plastered and painted
Other elements- Corbelled
brick
manholes
for
sewerage
indigenously
developed for cost
effectiveness.

REFERENCE

http://www.indiaspend.com/investigations/urbanisation-sounds-gr
eat-but-who-has-the-money-to-fund-it

http://firangionindia.wordpress.com/2012/09/25/indias-urban-hou
sing-shortage/

http://corecommunique.com/estimated-housing-shortage-in-india/

http://www.rbi.org.in/scripts/BS_SpeechesView.aspx?id=688

http://mhupa.gov.in/PQAS/hudco.pdf

http://www.ihcn.in/pdf/Presentations/Presentations/19Dec/3.%20H
UDCO%20.pdf

http://mhupa.gov.in/pdf/performance/2002-2003/8.pdf

http://www.housingfinance.org/uploads/Publicationsmanager/Asia_
IndianHousingFinanceSystem.pdf