Hudco wants land as collateral
The Housing and Urban Development Corporation (Hudco) has refused to accept sewerage treatment plants (STPs) and reservoirs as collateral instead it wants land as collateral.
The Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) is trying to get open land for the Rs 1,000 crore loan for the Godavari drinking water supply project.
A senior Water Board official told TOI, in a letter to the municipal administration and urban development (MA&UD) department, the Hudco said it prefers open land as collateral.
The Water Board has short-listed 500 acres of open land located in five areas – Sahebnagar, Gungal, Hydernagar, Peddapur and Singaapur – in and around the city.
To read more real estate news:
HMDA Hyderabad on a lake protection drive
HMWSSB Hyderabad sought Funds to Construct 10 Sewage Treatment Plants
Source: The Times of India
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[...] outlay for the scheme is Rs. 1,650. The government will seek a sum of Rs. 950-crore loan from Hudco (Housing and Urban Development Corporation) for its implementation apart from generating a budgetary provision of Rs. 700 crore in the [...]
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