Housing and Urban Development Corporation Limited (HUDCO) has entered into a Memorandum of Understanding (MoU) with the Nagpur Metropolitan Region Development Authority (NMRDA) to support large-scale development projects in the region.
The agreement, signed on September 8, 2025, in Mumbai, will see HUDCO explore funding of up to ₹11,300 crore over the next five years. The funds will be directed towards land acquisition, housing, and infrastructure development across the Nagpur Metropolitan Region.
In the exchanger filings, the company shared, “Housing and Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with Nagpur Metropolitan Region Development Authority (NMRDA), Maharashtra, on 8th September, 2025 at Mumbai. The non-binding MoU has been entered to establish robust collaborative working partnership between HUDCO and NMRDA wherein HUDCO shall explore and provide funds up to Rs. 11,300 Crore over a period of five years, for land acquisition, housing, and development of Infrastructure Projects in Nagpur Metropolitan Region.”
Apart from financial support, HUDCO will also provide consultancy services and capacity-building initiatives to strengthen NMRDA’s planning and execution capabilities.
The MoU was signed in the presence of Maharashtra Chief Minister Devendra Fadnavis, Deputy Chief Minister Eknath Shinde, and HUDCO CMD Sanjay Kulshrestha, along with other dignitaries.
