Maharashtra Cabinet Approves Rs 20 Bn HUDCO Loan for Urban Projects

12 Sep 2025 CW Team

Allocations to Municipal Bodies

Of the sanctioned amount, Chhatrapati Sambhajinagar Municipal Corporation will receive Rs 8.22 billion for a water supply project. The Nagpur Metropolitan Region Development Authority has been allotted Rs 2.68 billion for four sewage treatment plants. Mira-Bhayandar Municipal Corporation will get Rs 1.16 billion for a water supply project.

Support for Key Schemes

The loan aims to ensure the continuity of projects under central and state programmes such as AMRUT 2.0, Swachh Bharat Mission 2.0, and the Maharashtra Suvarna Jayanti Nagarothhan Maha Abhiyan. Officials said the move will prevent delays caused by funding shortages.

Repairs to Irrigation Projects

The cabinet also sanctioned repairs for two ageing irrigation projects in Akola district’s Murtizapur taluka. The Ghongha micro-irrigation project, built in 1986, has been approved Rs 40.76 million for works that will expand storage by 35,000 cubic metres and create irrigation potential for 45 hectares.

The Kanadi micro-irrigation project, built in 1977, will undergo repairs worth Rs 40.92 million, adding 38,000 cubic metres of storage and extending irrigation to 46 hectares.

Land Allotment for SIB Housing

Additionally, four hectares of government grazing land at Asudgaon in Panvel taluka, Raigad district, have been allotted to the Subsidiary Intelligence Bureau (SIB) under the Union Home Ministry. The land, to be transferred at 50 per cent of the ready reckoner rate under Occupant Class-2, will be used for residential quarters for the agency’s Mumbai division staff.

HUDCO Market Update

On September 10, 2025, at 9:55 AM, HUDCO shares were trading at Rs 217.90, up 0.95 per cent from the previous close.

News source: Angel One

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Maharashtra cabinet has approved raising Rs 20 billion from the Housing and Urban Development Corporation (HUDCO) under the Urban Infrastructure Development Loan Scheme. The funds will provide financial support to municipal bodies for ongoing urban infrastructure projects.Allocations to Municipal BodiesOf the sanctioned amount, Chhatrapati Sambhajinagar Municipal Corporation will receive Rs 8.22 billion for a water supply project. The Nagpur Metropolitan Region Development Authority has been allotted Rs 2.68 billion for four sewage treatment plants. Mira-Bhayandar Municipal Corporation will get Rs 1.16 billion for a water supply project.Support for Key SchemesThe loan aims to ensure the continuity of projects under central and state programmes such as AMRUT 2.0, Swachh Bharat Mission 2.0, and the Maharashtra Suvarna Jayanti Nagarothhan Maha Abhiyan. Officials said the move will prevent delays caused by funding shortages.Repairs to Irrigation ProjectsThe cabinet also sanctioned repairs for two ageing irrigation projects in Akola district’s Murtizapur taluka. The Ghongha micro-irrigation project, built in 1986, has been approved Rs 40.76 million for works that will expand storage by 35,000 cubic metres and create irrigation potential for 45 hectares.The Kanadi micro-irrigation project, built in 1977, will undergo repairs worth Rs 40.92 million, adding 38,000 cubic metres of storage and extending irrigation to 46 hectares.Land Allotment for SIB HousingAdditionally, four hectares of government grazing land at Asudgaon in Panvel taluka, Raigad district, have been allotted to the Subsidiary Intelligence Bureau (SIB) under the Union Home Ministry. The land, to be transferred at 50 per cent of the ready reckoner rate under Occupant Class-2, will be used for residential quarters for the agency’s Mumbai division staff.HUDCO Market UpdateOn September 10, 2025, at 9:55 AM, HUDCO shares were trading at Rs 217.90, up 0.95 per cent from the previous close.News source: Angel One

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..