Telangana Seeks Low-Interest HUDCO Loans For Key Projects
ECONOMY & POLICY

Telangana Seeks Low-Interest HUDCO Loans For Key Projects

Chief Minister A. Revanth Reddy has urged HUDCO Chairman Sanjay Kulshrestha to offer low-interest loans for several major development projects undertaken by the Telangana Government. The Chairman met the Chief Minister on Monday, during which Reddy requested financial support for flagship initiatives including Bharat Future City, the Hyderabad Metro Rail extension, the Regional Ring Road (RRR) and various radial roads.

The Chief Minister detailed upcoming greenfield infrastructure, including roads from Bharat Future City to Chennai via Bengaluru and Amaravati, a greenfield highway to Bandar Port and a proposed bullet train corridor. He also raised concerns about restructuring past loans that carry high interest rates, to which the HUDCO Chairman responded positively.

Highlighting the state’s rapid growth, Reddy reiterated the need for concessional financing to accelerate new projects. Kulshrestha informed the Chief Minister that loans for Indiramma housing had already been sanctioned and expressed willingness to expedite funding for an additional 10 million houses.

The Chief Minister invited the HUDCO Chairman to attend the Global Summit scheduled at Bharat Future City on 8–9 December.

Chief Minister A. Revanth Reddy has urged HUDCO Chairman Sanjay Kulshrestha to offer low-interest loans for several major development projects undertaken by the Telangana Government. The Chairman met the Chief Minister on Monday, during which Reddy requested financial support for flagship initiatives including Bharat Future City, the Hyderabad Metro Rail extension, the Regional Ring Road (RRR) and various radial roads. The Chief Minister detailed upcoming greenfield infrastructure, including roads from Bharat Future City to Chennai via Bengaluru and Amaravati, a greenfield highway to Bandar Port and a proposed bullet train corridor. He also raised concerns about restructuring past loans that carry high interest rates, to which the HUDCO Chairman responded positively. Highlighting the state’s rapid growth, Reddy reiterated the need for concessional financing to accelerate new projects. Kulshrestha informed the Chief Minister that loans for Indiramma housing had already been sanctioned and expressed willingness to expedite funding for an additional 10 million houses. The Chief Minister invited the HUDCO Chairman to attend the Global Summit scheduled at Bharat Future City on 8–9 December.

Next Story
Infrastructure Urban

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Next Story
Infrastructure Urban

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Next Story
Infrastructure Transport

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement