Public sector lender Housing and Urban Development Corporation (HUDCO) has announced plans to sanction loans worth Rs 25,000 crore and disburse around Rs 8,000 crore in FY12. HUDCO finances housing and urban infrastructure development programmes in the country. It provides long-term finance for construction of houses in urban and rural areas and also to set up new or satellite towns. May 9th 2011 Indiarealtynews
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