Housing and Urban Development Corporation Limited (HUDCO) signed a significant Memorandum of Understanding (MoU) with the Mumbai Metropolitan Region Development Authority (MMRDA) in Mumbai. This strategic partnership aims to accelerate infrastructure development across the Mumbai Metropolitan Region (MMR).
Under the MoU, HUDCO will explore and provide funding of up to ₹1,50,000 crore over the next five years. These funds will support a wide range of infrastructure projects spearheaded by MMRDA, enhancing connectivity, urban mobility, and sustainable growth in the region.
In addition to financial support, HUDCO will offer consultancy services and capacity-building initiatives to empower MMRDA in meeting future urban development challenges. This collaboration marks a major step in fostering smart urban infrastructure and strengthening institutional capabilities.
The MoU was signed in the presence of key dignitaries, including Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra, Shri Eknath Shinde, Hon’ble Deputy Chief Minister, and Shri Sanjay Kulshrestha, Chairman & Managing Director of HUDCO.
In the meantime, shares of Housing and Urban Development Corporation (HUDCO) opened at ₹200.69 today, touching a high of ₹204.75 and a low of ₹198.38 during intraday trade. While the stock remains significantly below its 52-week high of ₹353.70, it stays above the year’s low of ₹158.85.
