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Housing and Urban Development Corporation Limited has provided finance for more than two crore houses in the Pradhan Mantri Awas Yojana in the last several years. That is, every 16th house has been constructed in collaboration with Hadco. The next stop at PMAY-2, proposed three crore houses will be built.
Hadco’s role in this? What are the investment in housing and infrastructure sectors? What will the common man benefit from this? All these important questions of Dainik Bhaskar have been answered by the company’s chairman and managing director Sanjay Kulshrestha.
Read full interview… ..
Question. How many new houses are needed in the country, how can Hadco complete it? answerIn the next five years, the country will need a total of three crore new houses, of which one crore urban and two crore houses are to be built in rural areas. The construction of one crore houses only in urban areas will require an investment of 10 to 12 lakh crore, in which subsidy of 2.30 lakh crore will be given by the central government. It is not just a matter of any one institution to meet so much investment requirement. But Hadco will play a very active role in its implementation through long -term and inexpensive funding.
Hadco is becoming a partner in fulfilling this target by providing this facility based on its low-cost resources and strong balance sheets because Hudco not only does not only funding (long term finance), but it is also a concept of projects as a techno-financial institution. It also contributes to tasks such as environmental studies, capacity building. This includes civil engineers, architects, town planners, environmental experts, energy project experts, finance and legal professionals, making Hadco a 360 degree solution provider.
Hadco is the biggest need for the creation of India’s infrastructure i.e. long -term cheap investment, expert assistance and technical guidance to meet technical guidance.
Sanjay Kulshrestha took charge as Chairman and Managing Director
Question. The present city is capable of meeting the needs of drinking water, road, drainage etc. of such new houses? answer– Is not, but we are solving. Unplanned development on the outskirts of cities is increasing rapidly. Due to which chaos, pollution and social problems are arising. To deal with this, aims to develop 100 such smart cities, which have better infrastructure, e-governance, smart mobility, energy efficiency and civil services.
The Amrit Yojana is improving water supply, sewage networks, green sector and transport services in existing cities. Apart from this, work is being done to reduce the load on cities by making rural areas with semi-urban facilities.
Question. Will new cities be set up too? answer. The rate of urbanization in India is growing fastest. At present about 35 percent of the country’s population means 50 crore people live in urban areas. By the year 2047, this number can reach 60%. That is, about 90 crore people will live in urban areas. This change shows that our existing cities will be under heavy pressure on housing, basic facilities, traffic, employment, and environmental balance.
Working towards the target of developed India 2047, it is estimated that there will be a demand for about 23 crore new houses in the city in 22 years. In this context, experts estimate that 100 to 150 new cities will be required. House for rent means that people who cannot buy houses are also developing the market of rented affordable houses.
Question. How many funds are needed for basic infrastructure construction? answer. The country will need Infrastructure Capex (Capital Expenditure) worth Rs 143 lakh crore in the coming years. This amount has been estimated for investment in areas like transport, energy, urban infrastructure etc. Integradate Township and Industrial Corridors, Metro, Express Way, Smart City Mission, Amrit Yojana, Water Life Mission, Green and Energy Transition, Health and Port Infrastructure etc. will develop a very large employment sector. The financial situation of the common man will greatly improve.
The schemes implemented with the help of Hadco provide financial and implementation capacity to local urban bodies. This makes the schemes land on the ground and gives employment, housing and better life quality to the common people. We will provide cheaper loans in the international market and provide it to the state government
Question. What is the financial condition of Hadco? answer.Government NBFC Hadco, who works in Housing Finance and Infrastructure sector, has recorded 32 per cent operations and 28 per cent net profit in the previous year. Also, the company leads towards zero NPAs, which reflects its outstanding management and alert financial discipline. During the financial year 2024-25, Hadco has approved more than 1 lakh 27 thousand 952 crore loan, which is 55 percent more than the previous year. During the financial year 2024-25, Hadco has disbursed a loan of 40,038 crore, which is the highest loan distribution so far and is 122 percent more than the previous year.
Question. What difference does the common man make with these figures and achievements? answerWith the help of Hadco, affordable residential projects, roads, water management, transport and energy projects develop across the country, which gives a better living standard and convenience to the common citizen.
Local trade and small industries are promoted. Hadco’s financial strength and transparency of operation not only makes it a powerful institution, but it is also a foundation stone for the dreams of the common citizen of the country.
When there is investment in housing and infrastructure sectors, it benefits the whole society and economy. Which benefits every citizen of India, and the country moves towards a prosperous and developed nation.
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