Individual housing loans outstanding grow 14% to ₹33.53 lakh crore in Q2FY24, MIG segment leads with 44% share: NHB
1 week, 1 day ago

Individual housing loans outstanding grow 14% to ₹33.53 lakh crore in Q2FY24, MIG segment leads with 44% share: NHB

Hindustan Times  

Housing loans outstanding reached ₹33.53 lakh crore by the end of September, marking a 14% year-on-year growth, with the Middle-Income Group segment accounting for the maximum credit at 44%. Housing loans outstanding reached ₹ 33.53 lakh crore by the end of September, marking a 14% year-on-year growth, with the Middle-Income Group segment accounting for the maximum credit at 44%. "As on September 30, 2024, EWS and LIG accounted for 39 per cent, MIG accounted for 44 per cent and HIG accounted for 17 per cent of outstanding individual housing loans," the report said. Pradeep Aggarwal, founder and chairman, Signature Global Ltd, said that the NHB report reinforces “what we’ve been seeing in the market—the mid-income group is becoming the backbone of the housing sector, making up 44% of outstanding individual housing loans.

India Housing Loans Report Sector Cent Hig Lig Pmay Mig Housing Loans Nhb National Housing Bank Individual Housing Loans Mig Segment  segment  disbursements  q2fy24  lakh  sector  states  housing  nhb  outstanding  mig  individual  credit  leads  report  share  cent  loans

History of this topic

Supply of mid-segment homes priced ₹1 crore and below dips 30% in top 9 cities in one year: PropEquity
1 month, 3 weeks ago

Supply of mid-segment homes priced ₹1 crore and below dips 30% in top 9 cities in one year: PropEquity

Hindustan Times  

As real estate developers shift focus on luxury housing, the supply of homes in the affordable and mid-income category priced ₹1 crore and below has dipped by 30% in the last year across nine cities to 1,98,926 units in 2024 from 2,83,323 units in the preceding year. Supply of homes in the affordable and mid-income category priced ₹ 1 crore …

Growth in housing prices to moderate at 3-4pc next fiscal: India Ratings
1 month, 3 weeks ago

Growth in housing prices to moderate at 3-4pc next fiscal: India Ratings

Hindustan Times  

New Delhi, Jan 28 Housing prices are likely to rise 3-4 per cent next fiscal on high base effect and better supply, according to India Ratings and Research. Housing prices are likely to rise 3-4 per cent next fiscal on high base effect and better supply, according to India Ratings and Research. Ind-Ra expects property prices to increase 5-6 per …

India’s housing market in de-growth phase, pins hopes on Budget
2 months, 3 weeks ago

India’s housing market in de-growth phase, pins hopes on Budget

Live Mint  

New Delhi, New home sales in India declined for the first time since the pandemic, as a sharp rise in housing prices and elevated borrowing costs ruined buyers' appetite in 2024 and the real estate industry is now eyeing the upcoming Budget for favourable economic conditions a key to reviving demand conditions. India's residential real estate market, estimated to be …

India’s real estate to remain gung ho on luxury, premium housing in 2025 as affordable takes a backseat
2 months, 3 weeks ago

India’s real estate to remain gung ho on luxury, premium housing in 2025 as affordable takes a backseat

Live Mint  

Come 2025, India’s real estate developers will double down on luxury and premium housing, leaving the affordable segment to catch up. “We are strategically leveraging the robust demand in the luxury real estate segment by curating projects that align with the evolving preferences of modern buyers," said Robin Mangla, president, M3M India. DLF Ltd, India’s largest listed real estate company, …

Centre working on new home loan scheme for informal sector workers: Official
3 months, 2 weeks ago

Centre working on new home loan scheme for informal sector workers: Official

Hindustan Times  

NEW DELHI: The Centre is working on a government-backed credit guarantee mechanism to provide affordable home loans from institutional sources to workers outside the formal ecosystem, a senior government official said on Wednesday. A report titled ‘Affordable Housing in India’ was launched on Wednesday “At present, cheaper home loans are limited to people with good business income or salaries. The …

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA
7 months, 2 weeks ago

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA

Hindustan Times  

Presenting a stable outlook for the residential real estate sector in financial year 2024-25, credit rating agency ICRA Limited on August 7 said that housing sales across the country’s top cities - Mumbai Metropolitan Region, National Capital Region, Bengaluru, Hyderabad, Pune, Kolkata and Chennai - are expected to witness double digit growth in 2024-2025. Housing sales across top 7 cities …

Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger
8 months, 1 week ago

Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger

Hindustan Times  

Housing sales in the top eight cities fell 6% during the April-June period of 2024 compared to the previous quarter and new launches came down with both homebuyers and developers adopting a wait-and-watch approach ahead of the Lok Sabha polls, a quarterly analysis by digital real estate brokerage firm PropTiger.com showed. Housing sales in the top eight cities fell 6% …

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline
8 months, 2 weeks ago

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline

Hindustan Times  

Housing sales hit an 11-year high with 1.73 lakh units sold across the top eight Indian cities. NCR and Mumbai accounted for almost half of premium category sales in H1 2024, a new report by Knight Frank India showed. Home sales surged by 11% YoY to touch 1.73 lakh units sold across the country’s top eight markets in H1 2024, …

Home loan outstanding grew by 3.4 lakh crore in last one year: RBI
8 months, 3 weeks ago

Home loan outstanding grew by 3.4 lakh crore in last one year: RBI

India TV News  

The Reserve Bank of India recently released the data on the personal loan segment suggesting that the housing loan outstanding has swelled at a faster rate on a year-on-year basis in May 2024. The credit growth of housing, which is the largest constituent of the personal loan segment has increased by 16.9 per cent to reach Rs 23.49 lakh crore. …

Modi 3.0: Cabinet’s nod to 3 crore rural and urban homes under PMAY to help revive the affordable housing segment
9 months, 1 week ago

Modi 3.0: Cabinet’s nod to 3 crore rural and urban homes under PMAY to help revive the affordable housing segment

Hindustan Times  

Hours after taking office for a third consecutive term, Prime Minister Narendra Modi's new Union Cabinet announced its first major policy decision to provide assistance for the construction of an additional three crore rural and urban houses under the Pradhan Mantri Awas Yojana. This, say real estate experts, is aimed at ensuring continuity to the Housing for All scheme and …

Homes worth ₹1.11 lakh crore sold during Jan-Mar 2024; Up by 68% in value terms: Report
11 months, 1 week ago

Homes worth ₹1.11 lakh crore sold during Jan-Mar 2024; Up by 68% in value terms: Report

Hindustan Times  

Homes worth ₹1.11 lakh crore were sold in the January to March 2024 period with housing sales increasing by 68% in value terms, according to a report by PropTiger.com Homes worth ₹ 1.11 lakh crore were sold in the January to March 2024 period with housing sales increasing by 68% in value terms, according to a report by PropTiger.com In …

Real Estate Budget 2024: Govt to launch housing scheme for the middle class
1 year, 1 month ago

Real Estate Budget 2024: Govt to launch housing scheme for the middle class

Hindustan Times  

The government will launch a housing scheme for middle class to buy or build their own houses, finance minister Nirmala Sitharaman said in her Budget 2024 speech on February 1. Government to launch ₹ 2 crore more housing units in the next five years under the PM Awas Yojana : Budget 2024 “Our Government will launch a scheme to help …

EMIs Of Homebuyers Rise Over 20 Per Cent In Two Years In Affordable Housing Segment
1 year, 7 months ago

EMIs Of Homebuyers Rise Over 20 Per Cent In Two Years In Affordable Housing Segment

ABP News  

Affordable housing in India suffered the most due to the Covid-19 pandemic, and unlike the other segments, has not recovered in the past two years. According to their report, the share of affordable housing in overall sales in H1 2023 shrunk to 20 per cent, an 11 per cent decrease against the corresponding period in 2022. The mounting desolation is …

Buy vs rent: HDFC CEO confident on India’s growing real estate demand in future
1 year, 9 months ago

Buy vs rent: HDFC CEO confident on India’s growing real estate demand in future

Live Mint  

As the perpetual debate of buy vs rent in India is nowhere to end, HDFC head, Keki Mistry, expressed his confidence in the boost in housing demand led by India's young population in the coming years. In his recent interview with Financial Times, the HDFC CEO, said that India's young population will propel the demand for housing for years to …

Premium home boost to India's housing market, overall sales at 9-year high
2 years, 1 month ago

Premium home boost to India's housing market, overall sales at 9-year high

India Today  

India saw a spurt in housing prices as soon as it stepped out of the pandemic. Housing sales, prices rise hand-in-hand Mumbai and Bengaluru are among the top five best-performing Asia-Pacific residential markets in terms of annual price growth in the second half of 2022. While housing prices in Mumbai and Bengaluru rose by 7 per cent annually, housing prices …

Budget 2023: Here’s what the real estate sector is expecting from FM Sitharaman
2 years, 1 month ago

Budget 2023: Here’s what the real estate sector is expecting from FM Sitharaman

Hindustan Times  

The Indian real estate market saw a strong comeback post pandemic with the residential sector picking up demand amidst healthy economic growth, a Mint report states. The real estate sector is looking forward to budget 2023 to drive the demand for housing through tax relief and lesser stamp duty According to Gurmit Singh Arora, national president of Indian Plumbing Association, …

Budget 2023 Expectations: Will Home Buyers Get More Relief? Here's What Real Estate Sector Wants From FM
2 years, 1 month ago

Budget 2023 Expectations: Will Home Buyers Get More Relief? Here's What Real Estate Sector Wants From FM

News 18  

Real estate sector in India is expected to grow at a CAGR of 15%, from $60 billion in 2010 to $1,000 billion in 2030. Despite the rise in interest rates on home loans by more than two percentage points over the past year, housing sales have remained strong in 2022, in large part, because of the pent-up demand from the …

Housing prices rise 5% in April-June across 8 cities due to resurgence in demand
2 years, 7 months ago

Housing prices rise 5% in April-June across 8 cities due to resurgence in demand

Live Mint  

A resurgence in residential demand has led to a 5 percent increase in prices across the top eight cities while registering a marginal decline in unsold inventory during April-June quarter, according to a report. As per the data, housing prices in Ahmedabad rose 9 per cent year-on-year to ₹5,927 per square foot during the April-June quarter of this calendar year. …

Housing for all: Centre approves continuation of PMAY-U scheme till 2024
2 years, 7 months ago

Housing for all: Centre approves continuation of PMAY-U scheme till 2024

Hindustan Times  

The Union Cabinet on Wednesday approved a proposal of the ministry of housing and urban affairs for the continuation of Pradhan Mantri Awas Yojana-Urban up to December 31, 2024. Pradhan Mantri Awas Yojana is an initiative by the Union government, under which the Centre is aiming to provide affordable housing to the urban poor with a target of building two …

Multibagger stock of 2022: HFC jumps 85% in YTD after 900% rally in 7 years
2 years, 7 months ago

Multibagger stock of 2022: HFC jumps 85% in YTD after 900% rally in 7 years

Live Mint  

Multibagger stock of 2022: Despite heavy sell-off on Dalal Street after outbreak of the Russia-Ukraine war, Indian stock market has managed to produce a good number of multibagger stocks and some stocks are in the cue to enter the big boys' club. In year to date time, shares of this housing finance company have surged from around ₹87 to ₹160 …

India likely to double home loans to $600 billion in 5 years: HDFC’s Parekh
2 years, 9 months ago

India likely to double home loans to $600 billion in 5 years: HDFC’s Parekh

The Hindu  

Demand for home loans will continue to remain robust and India should be able to double its home loans to about $600 billion in the next five years, HDFC Ltd. chairman Deepak Parekh said in a letter to shareholders. Mr. Parekh said despite the doubling of housing loans, India’s mortgage penetration would still remain low at 13% of the GDP. …

Govt extends weightage on housing loan. Top 5 takeaways for home loan borrowers
2 years, 11 months ago

Govt extends weightage on housing loan. Top 5 takeaways for home loan borrowers

Live Mint  

Housing loan in India: The Government of India has extended the lower risk weightage on housing loan by one year from 31st March 2022 to 31st March 2023. 3] Impact on home loan EMI: As the RBI has kept key rates unchanged, it simply mean that low home loan interest rate regime would continue further that means home loan borrowers …

Home Loan to Remain Cheaper: RBI Relaxes Loan-to-Value Rules till March-end Next Year
2 years, 11 months ago

Home Loan to Remain Cheaper: RBI Relaxes Loan-to-Value Rules till March-end Next Year

News 18  

In a move to make home loans cheaper, the Reserve Bank of India on Friday announced that it will rationalise the risk weights and link them to loan-to-value ratios for new home loans till March 31, 2023. Being a tangible asset and safe haven investment, people continue to invest in real estate.” “As home loans are likely to remain cheaper, …

An analysis of top Housing Finance Companies in India
2 years, 11 months ago

An analysis of top Housing Finance Companies in India

Live Mint  

The Indian housing finance market witnessed a decent rise in home loan outstanding of 16% from fiscal 2015 to 2020. Profitability 2021 2020 2019 2018 ROCE 8.05 10.2 9.56 8.96 ROE 9.67 14.48 10.12 9.51 ROA 1.74 2.46 1.66 1.38 EBIT Margin 33.44 46.87 45.94 43.65 Net Margin 9.75 15.20 10.59 8.99 Cash Profit Margin 10.01 15.44 10.72 9.17 During …

Housing sales up 7% in 8 big cities in Jan-Mar period: Report
2 years, 11 months ago

Housing sales up 7% in 8 big cities in Jan-Mar period: Report

Live Mint  

Housing sales saw a 7 per cent year-on-year rise to 70,623 units from the January-March period across 8 big cities of the country, real estate consultancy firm PropTiger's data shows. The report, 'Real Insight Residential - January-March 2022', says amid higher demand, the new supplies also increased 50 per cent to 79,532 units during January-March 2022 vs 53,037 units during …

Budget 2022: Cut in home loan interest rate, infra upgrades may make PM’s housing for all a reality
3 years, 2 months ago

Budget 2022: Cut in home loan interest rate, infra upgrades may make PM’s housing for all a reality

Firstpost  

Union Budget 2022-23: Among the direct benefits, Budget 2022 might bring a potential relief to direct home buyers with an increased limit of home loan interest deduction for tax rebate from Rs 2 lakh to Rs 5 lakh As the Union Budget is around the corner, the anticipations from across the industries are on a rise. Building on this, the …

‘Housing for all’ scheme gets ₹18,000 cr
4 years, 4 months ago

‘Housing for all’ scheme gets ₹18,000 cr

Live Mint  

Bengaluru: An additional outlay of ₹18,000 crore for Pradhan Mantri Awas Yojana, over and above the ₹8000 crore allocated in the budget, by finance minister Nirmala Sitharaman on Thursday may help in giving an extra push towards the government’s ‘housing for all’ mission. “ ₹18,000 crore will be provided over the Budget Estimates for 2020-21 for Prime Minister Awas Yojana …

Housing affordability worsened in past 4 years: RBI survey
5 years, 8 months ago

Housing affordability worsened in past 4 years: RBI survey

The Quint  

Mumbai, July 11 Although there has been emphasis and hype over affordable housing since the past few years, an RBI survey released on Thursday shows that affordability in the country's housing sector has deteriorated in the last four years. "Housing affordability worsened over the past 4 years as the house price to income ratio increased from 56.1 in March 2015 …

Housing affordability worsened over past 4 years, Mumbai remains least affordable city: RBI survey
5 years, 8 months ago

Housing affordability worsened over past 4 years, Mumbai remains least affordable city: RBI survey

Firstpost  

The RBI has been conducting a quarterly Residential Asset Price Monitoring Survey since July 2010 on housing loans disbursed by select banks and housing finance companies across 13 cities. Mumbai: A Reserve Bank of India survey on Thursday showed that housing affordability has worsened in four years with Mumbai being the least affordable. “Housing affordability worsened over the past 4 …

Real Estate Sector Budget 2019: Govt hikes tax break on interest paid on home loans to Rs 3.5 lakh for purchase of first house
5 years, 8 months ago

Real Estate Sector Budget 2019: Govt hikes tax break on interest paid on home loans to Rs 3.5 lakh for purchase of first house

Firstpost  

Nirmala Sitharaman raised tax deduction limit to Rs 3.5 lakh on interest paid on housing loan for the purchase of first home worth up to Rs 45 lakh. New Delhi: Finance minister Nirmala Sitharaman on Friday raised tax deduction limit to Rs 3.5 lakh on interest paid on housing loan sanctioned during this fiscal for purchase of first home worth …

Rental, affordable housing get a boost in Budget 2019
5 years, 8 months ago

Rental, affordable housing get a boost in Budget 2019

Live Mint  

The government will introduce a new model tenancy law to boost the fragmented rental housing market and has proposed further tax incentives in line with its continued effort to achieve the ‘Housing for All’ target by 2022, finance minister Nirmala Sitharaman said in her maiden Union Budget speech. “Current rental laws are archaic and do not address the relationship between …

Budget 2019: Aim at policies to reintroduce income tax deduction on principal and interest on a second home loan
6 years, 1 month ago

Budget 2019: Aim at policies to reintroduce income tax deduction on principal and interest on a second home loan

Firstpost  

Keeping up with the tradition, the Narendra Modi-led government ahead of the general election will present an interim Budget on February 1, which is widely expected to contain certain sops for farmers and middle class. To stimulate housing demand in FY20, the Budget should aim at policies to reintroduce income tax deduction on principal and interest on a second home …

HDFC disburses Rs 1,100 cr subsidy to 51,000 home buyers under Pradhan Mantri Awas Yojana
6 years, 4 months ago

HDFC disburses Rs 1,100 cr subsidy to 51,000 home buyers under Pradhan Mantri Awas Yojana

India TV News  

Housing finance firm HDFC said Sunday it has disbursed over Rs 1,100 crore subsidy to over 51,000 customers under the government's flagship scheme Pradhan Mantri Awas Yojana. HDFC has provided loans of over Rs 9,800 crore under PMAY-Credit Linked Subsidy Scheme, to these customers belonging to EWS, LIG and Middle Income Group category, the housing finance firm said in a …

India housing sales surge 25% in H1 2018: Credai-JLL report
6 years, 7 months ago

India housing sales surge 25% in H1 2018: Credai-JLL report

Live Mint  

Berlin: Housing sales in India’s top seven cities have revived post demonetisation to rise by 25% in the first six months of this year, according to a joint report by realtors’ body Credai and consultant JLL. While the Credai-JLL study has reported 25% increase in housing sales, Knight Frank India had earlier this month said that sales growth in eight …

78% of new accounts booked in 2017-18 were home loans under ₹25 lakh category: NHB
6 years, 8 months ago

78% of new accounts booked in 2017-18 were home loans under ₹25 lakh category: NHB

Hindustan Times  

According to the latest data from the National Housing Bank, the regulator of all housing finance companies,the affordable housing sector drove the individual housing loan market in 2017-18, with 78% loans disbursed for the purchase of houses costing less than ₹25 lakh. Last fiscal, the total disbursements of housing loans by PSBs and HFCs in 2017-18 also showed a growth …

Dewan Housing Finance is on course to raise ₹50,000 crore this fiscal
6 years, 8 months ago

Dewan Housing Finance is on course to raise ₹50,000 crore this fiscal

The Hindu  

Dewan Housing Finance looks to raise a major chunk of its required ₹50,000 crore this fiscal from banks, external commercial borrowings and capital markets, as urbanisation, increase in workforce, nuclear families and affordability are driving demand, Santosh Nair, president and chief business officer of the company, said. In April, Dewan Housing Finance raised ₹1,000 crore through masala bonds. Dewan Housing …

Housing finance firms gain as much as 9.3% on RBI move
9 years, 5 months ago

Housing finance firms gain as much as 9.3% on RBI move

Firstpost  

The RBI’s decision comes in the wake of all the major banks reducing interest rate on home loans. Mumbai: Shares of housing finance companies gained as much as 9.3 percent after the RBI said that banks can now provide loans up to 90 per cent for properties that cost Rs 30 lakh or below. Consequently, GIC Housing Finance surged 9.24 …

HDFC says home prices high | India TV News
9 years, 10 months ago

HDFC says home prices high | India TV News

India TV News  

New Delhi: Housing prices have risen to record high levels, but increase in disposable income of the homebuyers has made the purchase of a house most affordable in over a decade, according to mortgage giant HDFC Ltd. The average property value of housing units has appreciated to an all-time high of over `52 lakh, while the annual income of the …

UP faces crunch of 2.4 mn housing units
10 years, 1 month ago

UP faces crunch of 2.4 mn housing units

Business Standard  

Uttar Pradesh is facing shortage of almost 2.4 million housing units during 2014-15, especially in the economically weaker sections and low-income group housing categories.The situation is alarming in the urban and semi-urban regions due to the migration of rural populace in search of livelihood.According to a National Housing Board report, in March 2013, India was facing shortage of about 18 …

Housing sales likely to jump in 7 Indian cities in 2015: Report
10 years, 2 months ago

Housing sales likely to jump in 7 Indian cities in 2015: Report

India TV News  

New Delhi: Housing sales are estimated to rise this year to 1.92 lakh units in India's top seven cities on expectations of a cut in interest rate and stable prices, according to property consultant JLL India. Housing sales fell to 1.75 lakh units in the primary markets of seven major cities in 2014 as compared to nearly 2 lakh units …

Indiabulls Housing Finance to raise Rs 4,500 crore via bond issues in 2014-15
10 years, 10 months ago

Indiabulls Housing Finance to raise Rs 4,500 crore via bond issues in 2014-15

India TV News  

Mumbai: Mortgage lender Indiabulls Housing Finance is aiming to raise Rs 4,500 crore through bond issues in 2014-15, a top company official has said. “We will raise Rs 4,500 crore in this fiscal through bond issues and on a net basis, excluding repayment of earlier bond issues, the same will be Rs 3,500 crore,” the company's managing director and chief …

Home prices near most affordable levels in over 30 yrs: HDFC
11 years, 10 months ago

Home prices near most affordable levels in over 30 yrs: HDFC

India TV News  

New Delhi, May 12: Home prices may have been on an upward spiral for many years, but the cost of owning a house in India remains near the most affordable level in over three decades, shows data compiled by mortgage giant HDFC Ltd. The average price of a home, purchased with a housing loan, rose to over Rs 45 lakh …

Property prices firm despite high interest rates: Nomura
12 years, 4 months ago

Property prices firm despite high interest rates: Nomura

India TV News  

Property prices firm despite high interest rates: Nomura Mumbai, Nov 4: Housing prices remained firm following limited supply, despite the slowdown and high interest rates, according to a Nomura report.“House prices remained on an uptrend despite weak transaction in volumes, high interest rates Mumbai, Nov 4: Housing prices remained firm following limited supply, despite the slowdown and high interest rates, …

Despite rising prices, homes most affordable in 30 years, claims HDFC
12 years, 10 months ago

Despite rising prices, homes most affordable in 30 years, claims HDFC

India TV News  

New Delhi, May 20: Housing may be perceived to have gotten very expensive at the current sky-high levels, but data compiled by mortgage giant HDFC Ltd shows that home prices are near their most affordable level in over three decades. The home prices have indeed been rising for more than 10 years, except for a temporary slump in 2009, but …

Strong growth in small homes
15 years, 11 months ago

Strong growth in small homes

Hindustan Times  

Real estate may be a slump and banks may be licking their past wounds, but the shift to affordable housing – a win-win combination for cash-strapped realtors and first-home seekers, is bearing fruit. HT Image Public sector bank executives say the demand for sub-Rs.20 lakh mortgages is reviving, with strong appetite in Tier II cities, where the needs are strong …

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