Housing and Urban Development Corporation (HUDCO) has signed two Memorandums of Understanding (MoUs) with NBCC (India), on April 11, 2026. Through these MoUs, both parties agree to collaborate and jointly work towards the redevelopment of a leasehold plot admeasuring around 18,830 sq. m. at Block No. 25, August Kranti Bhawan, Bhikaji Cama Place, New Delhi. The broad areas include Techno-economic feasibility study, Construction and Project Management, Monetization of built-up space etc.

In addition, the company will be undertaking Asset Monetization activities for NBCC’s self-sustainable model projects. With the permission of Government of India, HUDCO shall provide funds for ongoing and upcoming projects of NBCC’s self-sustainable model. NBCC shall provide Project Management and consultancy services.

HUDCO finances social housing and residential real estate through primarily lending to State Governments and their agencies, which, in turn, extend the finance to or utilise the finance for the ultimate individual beneficiaries.