The Public Sector Housing and Urban Development Corporation, HUDCO, has reopened its HUDCO Niwas Project for the current fiscal. Talking to reporters in New Delhi today, the HUDCO Chairman and Managing Director Mr. V.P. Baligar said that the rate of interest will be 8.75 per cent for the general public while for SC, ST and Widows category it will be 8.5 per cent. The project was on hold for last two years. Mr. Baligar informed that HUDCO has registered a growth rate of 35 per cent in disbursement with releases of 6906 crore rupees during 2011-12 as compared to 5105 crore rupees during the 2010-said that HUDCO has also registered its highest level of gross profit of 937.91 crore rupees in 2011-12 as compared to 821.18 crore rupees in 2010-11.