New Delhi, Feb. 3 -- Housing and Urban Development Corporation (HUDCO) shares tumbled over 11% to Rs.192.5 on the BSE during Monday's trading session. The decline followed the government's announcement of a Rs.19,794 crore allocation for the Pradhan Mantri Awas Yojana (PMAY)-Urban in the Union Budget for 2025-26, marking a 34.4% reduction-or Rs.10,377 crore-compared to the Rs.30,171 crore allocated in the 2024-25 budget.

The recent allocation falls short of the actual expenditure of Rs.21,684 crore in 2023-24. However, it represents a 44.8 per cent increase compared to the revised estimate of Rs.13,670 crore for 2024-25.

In the Budget 2025, the Government of India (GoI) has allocated Rs.19,794 crore for the Pradhan Mantri Awas Yojana (P...