State of the housing and housing finance sector in 2012 13
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STATE OF THE HOUSING AND HOUSING FINANCE SECTOR IN 2012- 13. 35 th Meeting of the Chief Executives of HFCs, PSBs and RRBs May 31, 2013. Contents. Housing Sector in India Performance of Primary Lending Institutions (PLIs)- FY 2012-13 NHB in FY 2012-13 Future Outlook.

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State of the housing and housing finance sector in 2012 13


35th Meeting of the Chief Executives of HFCs, PSBs and RRBs

May 31, 2013


  • Housing Sector in India

  • Performance of Primary Lending Institutions (PLIs)- FY 2012-13

  • NHB in FY 2012-13

  • Future Outlook

Housing sector in india
Housing Sector in India

  • Increase in construction activities with active participation of private sector

  • Continued to be served significantly by specialized HFCs & Scheduled Commercial Banks

  • Availability of customized and multiple loan products

  • Proactive and Risk based Regulation

  • Effective recovery mechanism resulting in containment of NPAs compared to other sectors of the economy

  • Mortgage Penetration at 9% of GDP compared to 5-6% earlier

Performance of 47 scheduled commercial banks in fy 2012 13
Performance of 47 Scheduled Commercial Banks in FY 2012-13

Amount in crore

* Source: RBI-Sectoral Deployment of Bank credit

Performance of major 19 psbs in fy 2012 13
Performance of Major 19 PSBs in FY 2012-13

Amount in crore

Slab-wise Housing Loan of 19 Major PSBs in FY 2012-13

Nhb performance highlights 2012 13 upto 31 st march 2013
NHB – Performance Highlights :2012-13 (upto 31st March 2013)

  • Cumulative Refinance Disbursements crossed Rs. 1 lakhcrore

  • Disbursed Rs. 15750 crore under its various refinance schemes in FY 2012-13. Of this, Rural areas accounted for 43% and loans below Rs. 15 lakh accounted for 75.63%.

  • A total of Rs. 4000 crore has been allotted under RHF in FY 2012-13 of which Rs. 3224.62 crore have been disbursed upto 31st March 2013 covering more than 1 lakh housing units.

  • Under its Housing Micro Finance (HMF) programme, 40210 housing units located both in urban and rural areas have been financed through MFIs.

Nhb performance highlights contd
NHB – Performance Highlights…Contd.

  • NHB, as a Central Nodal Agency for ISHUP, a scheme of MoHUPA, has disbursed subsidy claims amounting to  Rs. 7.85 crore covering 8885 beneficiaries across 8 states

  • In 2012-13, NHB as a Nodal Agency for 1 % Interest Subvention Scheme , has disbursed Rs.380 crore upto 31st Mar, 2013 to banks & HFCs

  • NHB will be managing the CRGFTLIH set up by MoHUPA, GOI and GRGFS as notified by GOI. 31 MLIs have signed MoU.

  • For the benefit and use of all stake holders of the housing industry, NHB has been releasing Residential Price Index known as NHB-Residex since 2007. The Index is released on quarterly basis and now covers 26 cities. The latest Index released is for January-March 2013.

Refinance disbursements by nhb in fy 2012 13 as on 31 3 2013
Refinance Disbursements by NHB in FY 2012-13 (as on 31-3- 2013)

Amount in crore

  • 42.79 % of the total disbursement was towards RHF and GJRHFS

Rural housing fund
Rural Housing Fund

  • Total Allocation (for the period 01.07.2012 to 30.06.2013): 4000 crore

  • Total Utilization (Till March 31, 2013): 3224 crore

  • Total Dwelling units constructed (Till March 31, 2013): 1,06,795 units

Amount in crore

Golden Jubilee Rural Housing

Finance Scheme (GJRHFS)

  • NHB Roles:

    • Monitoring of the scheme by setting annual targets and encouraging the PLIs to fund under the scheme

    • Sending information to the GoI on the scheme status and updates

  • Status Update for the FY 2012-13 (April 2012 - March 2013) : Total achievement has been 4,18,784 units against a target of 4,00,000 units i.e. achievement of 105 %

  • Target allocated for FY 2012-13: 4,50,000 units to Banks, HFCs and RRBs

Recent developments in housing sector
Recent Developments in Housing Sector

  • Focus on Affordable Housing for Low Income and Rural Housing

  • Focus on Energy Efficient homes

  • Setting up of Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) , Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) and India Mortgage Guarantee Company Pvt Ltd (IMGC)

  • Increase in the number of cities under NHB’s RESIDEX, now covering 26 cities

  • Allowing External Commercial Borrowings (ECBs) for low-cost affordable housing projects by HFCs and builders

Recent developments contd
Recent Developments…Contd.

  • Formulation of draft Real Estate Regulation & Development Bill Formulated

  • Tailor made products like RML and RMLeA for senior citizens

  • Introduction of Long Term Fixed Rate Mortgages for low income segments

  • Initiation of Housing Start Up Index by RBI in collaboration with MoHUPA

  • Dhanendra Kumar Committee recommending setting up of a technology-enabled single-window portal for streamlining the process of approvals for real estate projects

  • Release of Report on Housing Stock, Amenities and Assets in Slums Based on House listing & House Census- 2011

  • Release of Technical Committee report on Housing requirements in Urban areas during the 12th Five Year Plan by MoHUPA.

Union budget 2013 14 for housing sector
Union Budget - 2013-14for Housing Sector

  • Interest deduction up to 1.00 lakh for new home loans up to 25.00 lakh

  • Setting up of Urban Housing Bank Fund with initial corpus of 2,000 crore

  •  Increase in RHF to 6,000 crore

  • Securitization Trusts exempted from Income Tax

  • Existing exemptions from service tax for low cost housing and single residential units to continue

Future outlook
Future Outlook

  • Addressing the increasing housing shortage & supply of mass scale housing for the lower income segments

  • Ensuring the quality of construction

  • Channelizing a mix of medium and long term funds

  • Development of simple securitized mortgage products backed by adequate regulatory safeguards.

  • Risk mitigation and maintaining asset quality

  • Financial innovation

  • Need for proactive regulation and supervision