To capitalise on the accelerating demand for world-class infrastructure, state-run Housing and Urban Development Corporation (HUDCO) has announced its target of providing more than Rs 3 trillion (Rs 3 lakh crore) in infrastructure financing by 2030.

“India’s infrastructure development is the driving force behind economic growth. With the country enjoying macroeconomic stability and policy direction under Prime Minister Narendra Modi, HUDCO is committed to playing a vital role in transforming the nation’s core infrastructure,” said CMD Sanjay Kulshrestha in a statement to The Free Press Journal.

India has made significant strides in infrastructure over the past decade. With FY2025–26 infrastructure allocation rising to Rs 11.21 trillion, the sector continues to attract major investment. India’s economy, currently among the fastest-growing globally, is expected to reach a size of USD 10 trillion by 2030, potentially surpassing Japan and Germany.

Kulshrestha noted that HUDCO has already sanctioned over Rs 900 billion (Rs 90,000 crore) across 1,248 projects in Maharashtra, with disbursements of over Rs 270 billion (Rs 27,000 crore) completed as of 31 March 2025. Notable among these is the 701-kilometre, six-lane greenfield expressway from Nagpur to Mumbai, for which HUDCO sanctioned Rs 25.5 billion and disbursed Rs 25.26 billion.

Last month, HUDCO signed an MoU with the Mumbai Metropolitan Region Development Authority (MMRDA) to provide up to Rs 1.5 trillion (Rs 1.5 lakh crore) in financial assistance over the next five years for projects across the Mumbai Metropolitan Region.

HUDCO’s infrastructure financing extends beyond housing, covering roads, highways, metro rail, energy projects, ports, airports, and healthcare. With a current loan book exceeding Rs 1.24 trillion, the company attributes its financial strength to robust project evaluation, risk allocation, and sustainable lending strategies.

HUDCO is also expanding its role in urban development by offering integrated solutions in waste management, water supply, drainage, land acquisition, sustainable transport, and industrial corridors. It supports flagship government initiatives such as PMAY-Urban 2.0, Smart Cities, Amrut 2.0, Swachh Bharat Mission 2.0, and Jal Jeevan Mission.

“As part of our commitment to Viksit Bharat@2047, we aim to strengthen our contribution to India’s journey towards becoming a developed nation,” Kulshrestha added.