Affordable Flying

A place to discuss affordable aircraft from ultralights to general aviation
 
HomeHome  GalleryGallery  FAQFAQ  SearchSearch  MemberlistMemberlist  UsergroupsUsergroups  RegisterRegister  Log in  

Share | 
 

 Housing and Urban Development Corporation Ltd and developments in Kochi

View previous topic View next topic Go down 
AuthorMessage
Aimee



Posts : 1
Join date : 2011-06-10

PostSubject: Housing and Urban Development Corporation Ltd and developments in Kochi   Fri Jun 10, 2011 5:36 am

Housing and Urban Development Corporation (HUDCO) Ltd is the premier housing finance institution in the public sector.  Other financial institutions like Life Insurance Corporation (LIC), General Insurance Corporation (GIC) and United Trust of India (UTI) have been channeling most of their housing related finance to HUDCO. 
 
Other sources of funds available to HUDCO are through the equity contributions from government, borrowings from open markets by the issue of Shelter/Urban Bonds and debentures subscribed by banks and the insurance companies.  These funds are mostly deployed for indirect financing through housing agencies like State Housing Boards, Land Improvement Trusts, Development Authorities, Municipal Corporations, cooperatives, etc. 
 
HUDCO has been engaged particularly in financing social housing for the economically weaker sections and low-income groups in Kochi.  It encourages indigenous and low cost building materials and techniques, thereby bringing housing within the reach of the common people.  It follows a differential interest rate policy for various categories of households by charging lower rates of interest for the economically weaker sections.  This policy provides incentives for executing agencies engaged in promoting housing for the less privileged categories.
 
Some of the leading Builders in Kochi were also lucky enough to get loans of huge amounts to start with the construction operations on big real estate projects.  While the output or the final result in the public projects funded by institutions like HUDCO was rather dismal, the private players were seen to be adept in producing the best result at minimum investment.  It is a record of sorts and the initial help availed by them has been paid back to the concerned financing institution on time.
Back to top Go down
View user profile
 
Housing and Urban Development Corporation Ltd and developments in Kochi
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» Omar Tyree Retires from Urban Literature
» Development size of female bristle nose and growth maturity ?
» New: D-Corporation M1151 sets
» 8.5 10 Bolt Housing
» Stump it up, or what to look for in Urban Yamadori.

Permissions in this forum:You cannot reply to topics in this forum
Affordable Flying :: Off Topic-
Jump to: