Housing Scenario in India and suggested Action Points for the States
Housing Scenario in India and suggested Action Points for the States
Housing Scenario in India and suggested Action Points for the States
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HUDCO’s Security Package <strong>for</strong> Govt./Public sectorPresent Security Package - Government Agencies (any one of <strong>the</strong>follow<strong>in</strong>g) State Government Guarantee Bank Guarantee Equitable Mortgage of l<strong>and</strong> <strong>and</strong> build<strong>in</strong>g with 125% security coverageon loan amount with no lien account <strong>for</strong> <strong>the</strong> project receivables.Decision on <strong>the</strong> package is based on project viability <strong>and</strong> <strong>the</strong> valuationof properties by approved valuer. Equitable Mortgage can be ei<strong>the</strong>rproject property or any o<strong>the</strong>r property of <strong>the</strong> agency Equitable Mortgage of ‘l<strong>and</strong> <strong>and</strong> build<strong>in</strong>gs’, <strong>and</strong>/or hypo<strong>the</strong>cation ofmovable assets like buses, equipments/mach<strong>in</strong>ery, computers, furniture<strong>and</strong> fixtures, office equipments etc. (125% coverage). In case of direct borrow<strong>in</strong>g by <strong>the</strong> State Government, Government of<strong>India</strong> permission <strong>for</strong> borrow<strong>in</strong>g <strong>the</strong> loan Negative lien may be accepted <strong>in</strong> case of Government of <strong>India</strong>Maharatna/Navratna/M<strong>in</strong>iratna companies.15
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