Housing and Urban Development Corporation: Get a Home on Rent, Own it Later..!

The Housing and Urban Development Corporation (HUDCO), is at an advanced stage of negotiation with state government agencies in Andhra Pradesh, Maharashtra, Punjab & Karnataka to rollout its new Rent-to-Own scheme.

According to the scheme, which is likely to be launched by the end of this April month (2013), a government agency will first build an apartment with HUDCO's loan before allowing government employees to stay in those dwelling units on rent.

During their stay, the House Rent Allowance (HRA) along with an additional amount will be deduced from the salary that would be used by the agency to repay EMI requirement to HUDCO, according to its draft guidelines prepared in last March month.
V.P Baligar, Chairman Managing Director, HUDCO.

Mr. V.P Baligar, Chairman and Managing Director, HUDCO said. "We are in the process of partnering with state housing boards, police housing boards, state transport corporations etc. We will build new townships in areas ranging from 10 acres to 1,000 acres,"

According to the draft guideline, the ownership will be transferred to the tenants after the entire loan is paid, or / after adjusting the balance outstanding in retirement benefits. Currently, HUDCO charges a 10% floating interest rate for the bulk lending portfolio to state governments.

According to an official connected to the development, drivers & conductors of buses belonging to Karnataka state transport corporation, and police constables located in Mumbai could be the first beneficiaries of this new scheme.



ANDHRA PRADESH
 5-10-193, 1ST FLOOR, HACA Bhawan Opp. Public Garden, 
MJ Road, Saifabad, HYDERABAD - 500 004,
Telephone No. 040-23231297 / 23235763 / 23210804 Email: hro@hudco.org
Web site : http://www.hudco.org


NORTH EASTERN STATES..!
Old Secretariat Complex, KOHIMA -  797 001
Telephone No. : 0370-2291145, 2291146 Email: khro@hudco.org

GUWAHATI..
Housefed Complex Rukminigaon, G.S. Road, GUWAHATI - 781 022
Telephone No. : 0361 - 2339148, 0361 - 2339018, 0361 -  2330098 
Email : hudco_gro@sify.com; gro@hudco.org

BIHAR..!
 Second Floor, Block B - 2, Maurya lok Complex Dak, Bunglow Road, 
PATNA -  800 001 Telephone No. : 0612 - 2234 994, 0612 - 2232679, 0612 -2204432 Email: hudcopro@gmail.com

PUNJAB, HARYANA..!
 SCO132 - 133, 1st and 2nd Floor, Sector 34 A, CHANDIGARH - 160 022
Telephone No. : 0172 - 2648952, 0172 -  2648954-55 Email: chro@hudco.org

CHATTISGARH..!
1-B, Surya Apartments, Katora Talab, RAIPUR - 492 001
Telephone No. : 0771 - 2427796,  0771 -2425517, 0771 - 4053738 Email: raipurro@hudco.org

DELHI..!
HUDCO House, Ground Floor, Lodhi Road, NEW DELHI - 110 003
Telephone No. : 011 - 2430 8654 Email: ncr@hudco.org

GUJARAT..!
·4th Floor, I Gruha Nirman Building Ashram Road, AHMEDABAD -  380 009
Telephone No. : 079 - 23210804, 079 -26582787 Email: aro@hudco.org

JAMMU and KASHMIR..!
HUDCO Bhawan, OB - 08, Rail Head Complex JAMMU - 180 012
Telephone No. : 0191 - 2474 355 Email: jmro@hudco.org

JHARKHAND..!
TACD Building, MECON Township, Shyamji RANCHI 834 002
Telefax : 0651-2411526, 2411236 Email: rch_hudcom@sancharnet.in

KARNATAKA..!
Unit No. 703 - 704 Manipal Centre, 7th Floor North Block No.47, Dickenson Road, BANGALORE -  560 042 Telephone No. : 080 - 2558 2602,  080 -  2532 0343 Email: bro@hudco.org

KERALA..!
Saphalyam Complex, 2nd Floor, Palayam THIRUVANANATHAPURAM 695 034
Telephone No. : 0471 - 2339 742 - 45 Email: tro@hudco.org; hudcotro@eth.net

MADHYA PRADESH..!
Paryavas Bhawan Block No. III, Jail Road, BHOPAL -  462 011
Telephone No. : 0755 - 4272077 Email: bhro@hudco.org

MAHARASHTRA..!
· Shreyas Chambers, 2nd Floor, 175, Dr. D.N. Road Fort, MUMBA I- 400 001
Telephone No. : 022 - 2269 0080 - 85 Email: khro@hudco.org

ORISSA..!
· 3rd / 4th Floor Deendayal Bhawan, Ashok Nagar, Unit- II, Janpath, BHUBANSHWAR -  751 009
Telephone No. : 0674 - 2531 749 Email: bbro@hudco.org; hudcobbsr@rediffmail.com

RAJASTHAN..!
Hudco Bhawan, Vidyut Marg, Jyoti Nagar, JAIPUR - 302 005
Telephone No. : 0141-2740874 Email: jro@hudco.org

TAMIL NADU..!
No.1, Gandhi Irwin Road, 5th Floor, CMDA Tower-II, Egmore - CHENNAI -  600 008
Telephone No. : 044 - 2841 3141, 044 - 2859 3895 Email: hudcocro@vsnl.com; cro@hudco.org

UTTARANCHAL..!
74 / 1, Ist Floor, Garwal Mandal Vikas Nigam Building, Rajpur Road, DEHRADUN -  248 001
Telephone No. : 0135 - 2740 182 Email: dro@hudco.org


UTTAR PRADESH..!
B-1, NE Block, 2nd Floor PICUP Bhawan Vhibuti Khand, Gomti Nagar, LUCKNOW - 226 010
Telephone No. : 0522 - 2720834, 0522 -2720804, 0522 - 2720744, 0522 - 2720731 Email: lro@hudco.org

WEST BENGAL..!
15 - N, Lindsay Street (Near New Market Clock Tower), KOLKATA - 700 087
Telephone No. : 033 - 22520781, 033 -  0775 Email: kro@hudco.org



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