Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with NBCC (India), on November 27, 2024 for development of a land parcel of 10 acres, owned by HUDCO at Noida. HUDCO, on the said land, intends to create an Institutional complex with world class amenities which is likely to have 8.71 lakh sq ft. of built-up area with a mix of office space, studio apartments, conference space and retail & common facilities. NBCC will undertake the execution of the said project with the scope of Concept-to-Commissioning. 

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.