Concern over HUDCO under performance in housing sector

NEW DELHI: Housing and Urban Development Corporation ( HUDCO) had sanctioned a total loan of Rs 12,842 cr for construction of over 24 lakh houses for economically weaker sections since 2011-12, but only Rs 5,787.06 cr loans were released, Lok Sabha was informed today.

Expressing concern over under performance of HUDCO, a financing arm of the Ministry of Housing & Urban Poverty Alleviation, in respect of housing, HUPA Minister M Venkaiah Naidu said in a reply in the House that the low absorption capacities of the implementing agencies is one of the reasons.

Naidu said that efforts were being made to address this issue through capacity building of urban local bodies and other implementing agencies.

Delhi Development Authority has built and allotted 4,20,389 flats till the end of last year under various categories. These include: 1,40,653 in LIG category, 1,01,993-Janta, 84,701-MIG, 64,463-SFS, 28,468 flats for Economically Weaker Sections, 74-Expandable and 37 for Higher Income Groups.

This was informed by the Minister of State for HUPA Babul Supriyo in a written reply in the Lok Sabha.

He further said that 25,034 flats were lying in the possession of DDA.