Trends and Progress of Housing in India 2024 Report released by National Housing Bank (NHB) | Current Affairs | Vision IAS
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Trends and Progress of Housing in India 2024 Report released by National Housing Bank (NHB)

Posted 13 Mar 2025

2 min read

Report presents overall housing scenario, analysis of housing schemes and role of primary lending institutions in the sector.

Key Highlights of Report

  • Banks account for 81% whereas Housing Finance Companies (HFCs) account for 19% of housing loans.
  • Distribution of loans(outstanding) : Middle Income Group(44%)> EWS & Lower Income Group(39%)> High Income Group (HIG): 17%
  • Housing loans (as % of GDP): It has increased from 6.60% (2011-12)to 11.29% (2023-24). 
  • Green buildings: Only 5% of buildings are classified as green 

Challenges in Housing Sector in India:

  • Regional Disparity in Finance:  Southern (35%), Western (30%), Northern (28%), Eastern (5.4%) , North Eastern States (0.68%) 
  • Climate Risks: Increased vulnerability to floods, fires, and extreme weather calls for  resilient and energy-efficient buildings.
  • Issues in Green Building: Limited number of certification bodies, lack of standard certification framework, and high material costs.

Opportunities

  • Technological advancements: E.g: Use of AI, data analytics, and predictive modelling, 3D Printing can reduce costs, speedup projects 
  • Increased Liquidity: E.g. REITs provide opportunity for smaller investors to participate in large-scale projects and offer more liquid investment options.
  • Budget Push (2025-26): Urban Challenge Fund, National Geospatial Mission to boost housing sector growth.

About National Housing Bank

  • It is a statutory body established under National Housing Bank Act, 1987.
  • It supervises Housing Finance Companies, however regulatory powers (including registration of HFCs) have been transferred to Reserve Bank of India (RBI)
  • Authorised Capital: ₹1,450 crore (Fully subscribed by Government of India)
  • Head Office: New Delhi
  • Tags :
  • Hosing Sector in India
  • Housing
  • NHB
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