Events

NHB Events

 

Launch of Report on Trend and Progress of Housing in India – 2013, January 09, 2014
Round Table Discussions and Release of Report On -"Scaling Up Housing Microfinance" by National Housing Bank in collaboration with IFMR Capital and DFID, UK, March 13,2014
NHB Convenes Meeting with the CEOs of HFCs, Banks and RRBs, December 13, 2013
World Habitat Day Celebrations- Habitainment Quiz, October 31, 2013
NHB RESIDEX – Residential Housing Price Index Quarterly Update October-December, 2013 (26 Cities)
Presentations from the NHB’s Annual Conference on Energy Efficient Homes, November 25 – 26, 2013
1st Annual Conference on Energy Efficient Homes by NHB-KfW , November 25-26, 2013 at New Delhi
NHB RESIDEX – Residential Housing Price Index Quarterly Update July - September 2013 (26 Cities)
NHB Inaugurates its 12th Regional Representative Office at Nagpur
Workshop on “State of the Housing Sector - Odisha” & Inauguration of NHB’s Bhubaneswar Representative Office
Workshop on Water & Sanitation Programme, Bhubaneswar
NHB RESIDEX – Residential Housing Price Index Quarterly Update April - June 2013 (26 Cities)
NHB RESIDEX – Residential Housing Price Index Quarterly Update January – March 2013 (26 Cities)
Press Release on Half Yearly Financial Results of The Bank As on December 31, 2012
Press Release on ‘International Conference on Housing Finance on Housing - An engine for Inclusive Growth’ held during April 11-13, 2013 in New Delhi, India
NHB Residex – Residential Housing Price Index Quarterly Update October-December, 2012 (20 Cities)
NHB Organized Drawing Competition
NHB RESIDEX – Quarterly Update July-September, 2012 (20 cities)
Conference on Reverse Mortgage Loan (RML) & Launch of NHB’s RML Counselling Centre at Patna, August 27, 2012
World habitat day 2011 celebrations Results of world habitat day 2011 essay competition
Press Release NHB Residex – Residential Housing Price Index Quarterly Update April-June, 2012 (20 Cities)
National Housing Bank (NHB) conferred with “Best Employer Brand Award”
NHB launches Silver Jubilee Year Celebrations
NHB RESIDEX – Quarterly Update January-March, 2012 (20 cities)
33rd CEOs Meeting of HFCs, PSBs and Select RRBs held on 20.042012 - Presentations
International Conference on Growth with Stability in Affordable Housing Markets’ in New Delhi, India, held during January 30-31, 2012
NHB RESIDEX – Residential Housing Price Index for Quarterly Update of October - December, 2011
R V Verma, CMD, National Housing Bank elected as Chairman of the Advisory Board of APUHF
The Report on Trend and Progress of Housing in India, 2011 – an annualpublication of the National Housing Bank, was released by the Hon’bleMinister for Housing and Urban Poverty Alleviation and Union Minister forCulture, Government of India Kumari Selja
NHB RESIDEX – Residential Housing Price Index for Quarterly Update of July-September, 2011
NHB-CAFRAL Round Table on Housing Finance: The Emerging Contours
Snapshot of World Habitat Day Celebrations, 2011 - Habitainment Quiz & Launch of NHB -` AWE, 2011
Round Table on “Housing Finance: the emerging contours organized by NHB in collaboration with CAFRAL - Presentations”
Habitainment Quiz 2011-September 29, 2011
Interface of Financial Intelligence Unit-India (FIU-IND) with Housing Finance Companies, September 29, 2011
Annual Results for Financial Year 2010-11
World Habitat Day 2010 Celebrations: Results of World Habitat Day 2010 Essay Competition
Interface of Financial Intelligence Unit-India (FIU-IND) with Housing Finance Companies, September 29, 2011
Review Meeting on ISHUP and 1% Interest Subvention Scheme by National Housing Bank, July 21st, 2011
Annual Financial Results of the National Housing Bank for the Quarter ended June 30th, 2011
Dr. D. Subbarao, Governor, Reserve Bank of India handing over Rajbhasha Prize to Shri R.V. Verma, CMD, National Housing Bank on June 1st, 2011
National Housing Bank-Monitor India Meet on Customer Insights on Low Income Housing, May 11th, 2011
NHB RESIDEX – Residential Housing Price Index for Quarterly Update of October - December, 2010 on May 02, 2011
Minister of Housing from Republic of Indonesia, H.E. Suharso Monoarfa and delegates visit National Housing Bank , New Delhi, April 25th, 2011
NHB Conferred Financial Inclusion Award for Rural Housing Finance, January 05th, 2011
NHB Signs Agreement with KfW, Germany for Promoting Energy Efficient Housing on December 31st, 2010
Reverse Mortgage Loan Counselling Centre Inaugurated in Ahmedabad on December 23, 2010
Release of NHB’s Award Winning Essays on October 04th , 2010
Government of India jointly with National Housing Bank (NHB) convened a Meeting of State Level Bankers' Committee (SLBC) Convenor Banks from all States on June 8, 2010
 
RML Events
Click here to see RML Events
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Press Release NHB RESIDEX – RESIDENTIAL HOUSING PRICE INDEX Quarterly Update October-December, 2013 (26 cities)
 

NATIONAL HOUSING BANK
New Delhi
February 11, 2014 
Press Release
NHB RESIDEX – RESIDENTIAL HOUSING PRICE INDEX
Quarterly Update October-December, 2013 (26 cities)

NHB RESIDEX tracks the movement in prices of residential properties on a quarterly basis. This is being done since 2007.

From the quarter January-March, 2013 NHB RESIDEX has been expanded to include 6 new cities namely Chandigarh, Coimbatore, Dehradun, Meerut, Nagpur and Raipur. The NHB RESIDEX now covers 26 cities.

This latest NHB RESIDEX for the quarter October-December, 2013 covers 26 cities, with base year as 2007. The Residex for the quarter October-December, 2013 constructed for 26 cities has taken into account the price trends for residential properties in different locations and zones in each city. Data on the transactions are collected from diverse sources and are classified, validated and applied to the model designed to give the representative Index for each city. The data based on actual transactions are put through a Model that depicts the trend in the market. The Residex is expected to bring greater uniformity and standardisation as well as greater transparency in the valuation of properties across the industry.

Price Movement for the quarter October-December, 2013 (26 Cities)

The movement in prices of residential properties for the quarter October-December, 2013 has shown increasing trend in sixteen (16) cities ranging from 1.1% in Dehradun to 8.0% in Nagpur, and fall in eight (8) cities ranging from -1.2% in Kochi to -3.6% in Vijayawada in comparison to the previous quarter July-September, 2013. Index for 2 cities namely Mumbai and Ludhiana has remained stagnant.

Rising Trend: Residential housing prices in 16 cities have shown increase in prices in this quarter ended December, 2013 (October-December, 2013) over the previous quarter ended September, 2013 (July-September, 2013). Maximum increase was observed in Nagpur (8%) followed by Guwahati (7.4%), Pune (7.3%), Surat (6.2%), Patna (6.0%), Hyderabad (5.7%), Bhubneshwar (4.7%), Chennai (3.8%), Bengaluru (3.7%), Delhi (3.2%), Ahmedabad (3.1%), Faridabad (2.5%), Indore (2.2%), Bhopal (1.4%), Raipur (1.3%) and Dehradun (1.1%),

Declining Trend: 8 cities have shown decline in prices over the previous quarter with maximum fall observed in Vijayawada (-3.6%) followed by Lucknow (-3.1%), Meerut (-2.8%), Coimbatore (-2.8%), Jaipur (-2.8%), Chandigarh (-2.1%), Kolkata (-1.5%) and Kochi (-1.2%).

Index for 2 cities namely Mumbai and Ludhiana has remained stagnant.

CITY WISE HOUSING PRICE INDEX FOR THE QUARTER OCTOBER-DECEMBER, 2013

CITIES

2007 Index

Jul-Sept 2011 Index

Oct-Dec 2011 Index

Jan-Mar 2012 Index

Apr-Jun 2012 Index

Jul-Sep 2012 Index

 

Oct-Dec 2012 Index

 

Jan-Mar 2013 Index

 

Apr- Jun 2013 Index

 

July-Sep 2013 Index

 

Oct-Dec 2013 Index

Hyderabad

100

84

79

86

85

84

90

88

84

88

93

Faridabad

100

206

218

217

217

216

205

207

202

204

209

Patna

100

141

140

129

140

138

151

152

147

150

159

Ahmedabad

100

163

167

164

174

180

191

192

186

191

197

Chennai

100

271

296

304

309

312

314

310

303

318

330

Jaipur

100

65

64

80

78

85

87

112

110

108

105

Lucknow

100

154

165

164

171

175

189

183

187

191

185

Pune

100

169

184

181

200

201

205

221

219

219

235

Surat

100

139

152

144

145

138

150

140

142

145

154

Kochi

100

97

82

72

73

80

87

89

86

86

85

Bhopal

100

208

211

204

207

206

216

230

227

220

223

Kolkata

100

191

190

191

196

191

209

197

189

199

196

Mumbai

100

194

193

190

197

198

217

222

221

222

222

Bengaluru

100

93

100

92

100

98

106

109

108

107

111

Delhi

100

154

167

168

172

178

195

202

199

190

196

Bhubneshwar

100

 

 

161

164

168

172

197

195

193

202

Guwahati

100

 

 

157

159

158

166

153

147

149

160

Ludhiana

100

 

 

163

171

168

179

167

157

150

150

Vijayawada

100

 

 

184

186

181

185

184

174

167

161

Indore

100

 

 

208

203

196

194

195

184

180

184

Chandigarh

100

 

194

191

192

188

Coimbatore

100

 

184

178

178

173

Dehradun

100

 

183

184

184

186

Meerut

100

 

191

189

176

171

Nagpur

100

 

163

168

162

175

Raipur

100

 

156

155

157

159

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Press Release NHB RESIDEX – RESIDENTIAL HOUSING PRICE INDEX Quarterly Update July-September, 2013 (26 cities)
 

NATIONAL HOUSING BANK
New Delhi
November 20, 2013 
Press Release
NHB RESIDEX – RESIDENTIAL HOUSING PRICE INDEX
Quarterly Update July-September, 2013 (26 cities)

NHB RESIDEX tracks the movement in prices of residential properties on a quarterly basis. This is being done since 2007.

From the quarter January-March, 2013 NHB RESIDEX has been expanded to include 6 new cities namely Chandigarh, Coimbatore, Dehradun, Meerut, Nagpur and Raipur. The NHB RESIDEX now covers 26 cities.

This latest NHB RESIDEX for the quarter July-September, 2013 covers 26 cities, with base year as 2007. The Residex for the quarter July-September, 2013 constructed for 26 cities has taken into account the price trends for residential properties in different locations and zones in each city. Data on the transactions are collected from diverse sources and are classified, validated and applied to the model designed to give the representative Index for each city. The data based on actual transactions are put through a Model that depicts the trend in the market. The Residex is expected to bring greater uniformity and standardisation as well as greater transparency in the valuation of properties across the industry.

Price Movement for the quarter July-September, 2013 (26 Cities)

The movement in prices of residential properties for the quarter July-September 2013 has shown increasing trend in twelve (12) cities ranging from 0.46% in Mumbai to 5.30% in Kolkata, and fall in ten (10) cities ranging from -0.93% in Bengaluru to -6.88% in Meerut in comparison to the previous quarter April-June, 2013. Index for 4 cities namely Pune, Kochi, Coimbatore and Dehradun has remained stagnant.

Rising Trend: Residential housing prices in 12 cities have shown increase in prices in this quarter ended September, 2013 (July-September, 2013) over the previous quarter ended June, 2013 (April-June, 2013). Maximum increase was observed in Kolkata (5.30%) followed by Chennai (4.95%), Hyderabad (4.77%), Ahmedabad (2.69%), Lucknow (2.14%), Surat (2.12%), Patna (2.04%), Guwahati (1.36%), Raipur (1.29%), Faridabad (0.99%), Chandigarh (0.53%) and Mumbai (0.46)%.

Declining Trend: 10 cities have shown decline in prices over the previous quarter with maximum fall observed in Meerut (-6.88%) followed by Delhi (-4.53%), Ludhiana (-4.46%), Vijayawada (-4.03%), Nagpur (-3.58%), Bhopal (-3.09%), Indore (-2.18%), Jaipur (-1.82%), Bhubneshwar (-1.03%) and Bengaluru (-0.93%). Index for 4 cities namely Pune, Kochi, Coimbatore and Dehradun has remained stagnant.

CITY WISE HOUSING PRICE INDEX FOR THE QUARTER JULY- SEPTEMBER, 2013

CITIES

2007 Index

Apr-Jun 2011 Index

Jul-Sept 2011 Index

Oct-Dec 2011 Index

Jan-Mar 2012 Index

Apr-Jun 2012 Index

Jul-Sep 2012 Index

 

Oct-Dec 2012 Index

 

Jan-Mar 2013 Index

 

Apr- Jun 2013 Index

 

July-Sep 2013 Index

Hyderabad

100

91

84

79

86

85

84

90

88

84

88

Faridabad

100

220

206

218

217

217

216

205

207

202

204

Patna

100

146

141

140

129

140

138

151

152

147

150

Ahmedabad

100

169

163

167

164

174

180

191

192

186

191

Chennai

100

248

271

296

304

309

312

314

310

303

318

Jaipur

100

64

65

64

80

78

85

87

112

110

108

Lucknow

100

160

154

165

164

171

175

189

183

187

191

Pune

100

150

169

184

181

200

201

205

221

219

219

Surat

100

149

139

152

144

145

138

150

140

142

145

Kochi

100

107

97

82

72

73

80

87

89

86

86

Bhopal

100

224

208

211

204

207

206

216

230

227

220

Kolkata

100

194

191

190

191

196

191

209

197

189

199

Mumbai

100

181

194

193

190

197

198

217

222

221

222

Bengaluru

100

92

93

100

92

100

98

106

109

108

107

Delhi

100

147

154

167

168

172

178

195

202

199

190

Bhubneshwar

100

 

 

 

161

164

168

172

197

195

193

Guwahati

100

 

 

 

157

159

158

166

153

147

149

Ludhiana

100

 

 

 

163

171

168

179

167

157

150

Vijayawada

100

 

 

 

184

186

181

185

184

174

167

Indore

100

 

 

 

208

203

196

194

195

184

180

Chandigarh

100

 

194

191

192

Coimbatore

100

 

184

178

178

Dehradun

100

 

183

184

184

Meerut

100

 

191

189

176

Nagpur

100

 

163

168

162

Raipur

100

 

156

155

157

 
 
 
 
 
 
 
 
 
Press Release Workshop on “State of the Housing Sector - Odisha” & Inauguration of NHB’s Bhubaneswar Representative Office
 

National Housing Bank’s 10th Regional Representative Office was inaugurated by the Chief Guest, Shri Harun R. Khan, Deputy Governor, Reserve Bank of India in the presence of Shri Injeti Srinivas, Development Commissioner and Additional Chief Secretary, Government of Odisha on July 01, 2013 at Hotel Kalinga Ashok. The inauguration event was followed by a workshop on “State of the Housing Sector - Odisha”. The event saw a gathering of personalities from Central and State Government, RBI, Banks, Housing Finance Companies, Regional Rural Banks, Housing Boards, Development Authorities, IFC, DFID, CREDAI, MFIs amongst others.

 
 
 
 
 
Press Release Workshop on Water & Sanitation Programme, Bhubaneswar
 

A workshop on Water and Sanitation was organized by NHB in collaboration with UN-Habitat on July 15, 2013 at Hotel Kalinga Ashok, Bhubaneswar. Representatives from UN-Habitat, IFC, Microfinance Institutions namely, Swayamshree Micro Credit Services, Adhikar, Gram Utthan, and People’s Forum and few of the SHG members were also participated and benefited from the workshop.

 
 
 
 
 
 
 
 
 
 
Press Release NHB RESIDEX – RESIDENTIAL HOUSING PRICE INDEX Quarterly Update April - June 2013 (26 cities)
 

NATIONAL HOUSING BANK
New Delhi
August 26, 2013 
Press Release
NHB RESIDEX – RESIDENTIAL HOUSING PRICE INDEX
Quarterly Update April-June, 2013 (26 cities)

NHB RESIDEX tracks the movement in prices of residential properties on a quarterly basis. This is being done since 2007.

From the quarter January-March, 2013 NHB RESIDEX has been expanded to include 6 new cities namely Chandigarh, Coimbatore, Dehradun, Meerut, Nagpur and Raipur. The NHB RESIDEX now covers 26 cities.

This latest NHB RESIDEX for the quarter April-June, 2013 covers 26 cities, with base year as 2007. The Residex for the quarter April-June, 2013 constructed for 26 cities has taken into account the price trends for residential properties in different locations and zones in each city. Data on the transactions are collected from diverse sources and are classified, validated and applied to the model designed to give the representative Index for each city. The data based on actual transactions are put through a Model that depicts the trend in the market. The Residex is expected to bring greater uniformity and standardisation as well as greater transparency in the valuation of properties across the industry.

Price Movement for the quarter April-June, 2013 (26 Cities)

The movement in prices of residential properties for the quarter April-June 2013 has shown declining trend in majority of the cities (22 out of 26 cities covered) ranging from -0.45% in Mumbai to -5.99% in Ludhiana, and rise in four cities ranging from 0.55% in Dehradun to 3.07% in Nagpur during the quarter April-June, 2013 in comparison to the previous quarter January-March, 2013.

Rising Trend: Residential housing prices in 4 cities have shown increase in prices in this quarter ended June, 2013 (April-June, 2013) over the previous quarter ended March, 2013 (January-March, 2013). Maximum increase was observed in Nagpur (3.07%) followed by Lucknow (2.19%), Surat (1.43%) and Dehradun (0.55%).

Declining Trend: 22 cities have shown decline in prices over the previous quarter with maximum fall observed in Ludhiana (-5.99%) followed by Indore (-5.64%), Vijaywada (-5.43%), Hyderabad (-4.55%), Kolkata (-4.06%), Guwahati (-3.92%), Kochi (-3.37%), Patna (-3.29%), Coimbatore (-3.26%), Ahmedabad (-3.13%), Faridabad (-2.42%), Chennai (-2.26%), Jaipur (-1.79%), Chandigarh (-1.55%), Delhi (-1.49%), Bhopal (-1.30%), Meerut (-1.05%), Bhubneshwar (-1.02%), Bengaluru (-0.92%), Pune (-0.90%) , Raipur (-0.65%) and Mumbai (-0.45%).

Overall impression: Property prices in majority of the cities, 22 out of 26 are witnessing marginal downward trend.

CITY WISE HOUSING PRICE INDEX FOR THE QUARTER APRIL- JUNE, 2013

CITIES

2007 Index

Jan-Mar 2011 Index

Apr-Jun 2011 Index

Jul-Sept 2011 Index

Oct-Dec 2011 Index

Jan-Mar 2012 Index

Apr-Jun 2012 Index

Jul-Sep 2012 Index

 

Oct-Dec 2012 Index

 

Jan-Mar 2013 Index

 

Apr- Jun 2013 Index

Hyderabad

100

83

91

84

79

86

85

84

90

88

84

Faridabad

100

165

220

206

218

217

217

216

205

207

202

Patna

100

146

146

141

140

129

140

138

151

152

147

Ahmedabad

100

165

169

163

167

164

174

180

191

192

186

Chennai

100

218

248

271

296

304

309

312

314

310

303

Jaipur

100

67

64

65

64

80

78

85

87

112

110

Lucknow

100

157

160

154

165

164

171

175

189

183

187

Pune

100

148

150

169

184

181

200

201

205

221

219

Surat

100

128

149

139

152

144

145

138

150

140

142

Kochi

100

86

107

97

82

72

73

80

87

89

86

Bhopal

100

167

224

208

211

204

207

206

216

230

227

Kolkata

100

211

194

191

190

191

196

191

209

197

189

Mumbai

100

175

181

194

193

190

197

198

217

222

221

Bengaluru

100

88

92

93

100

92

100

98

106

109

108

Delhi

100

126

147

154

167

168

172

178

195

202

199

Bhubneshwar

100

 

 

 

 

161

164

168

172

197

195

Guwahati

100

 

 

 

 

157

159

158

166

153

147

Ludhiana

100

 

 

 

 

163

171

168

179

167

157

Vijayawada

100

 

 

 

 

184

186

181

185

184

174

Indore

100

 

 

 

 

208

203

196

194

195

184

Chandigarh

100

 

194

191

Coimbatore

100

 

184

178

Dehradun

100

 

183

184

Meerut

100

 

191

189

Nagpur

100

 

163

168

Raipur

100

 

156

155

 
 
Press Release NHB RESIDEX – RESIDENTIAL HOUSING PRICE INDEX Quarterly Update January-March, 2013 (26 cities)
 

NATIONAL HOUSING BANK
New Delhi
May 26, 2013 

NHB RESIDEX tracks the movement in prices of residential properties on a quarterly basis. This is being done since 2007.

From the quarter January-March, 2013 NHB RESIDEX has been expanded to include 6 new cities namely Chandigarh, Coimbatore, Dehradun, Meerut, Nagpur and Raipur. The NHB RESIDEX now covers 26 cities.

This latest NHB RESIDEX for the quarter January-March, 2013 covers 26 cities, with base year as 2007. The Residex for the quarter January-March, 2013 constructed for 26 cities has taken into account the price trends for residential properties in different locations and zones in each city. Data on the transactions are collected from diverse sources and are classified, validated and applied to the model designed to give the representative Index for each city. The data based on actual transactions are put through a Model that depicts the trend in the market. The Residex is expected to bring greater uniformity and standardisation as well as greater transparency in the valuation of properties across the industry.

Price Movement for the quarter January-March, 2013 (26 Cities)

The movement in prices of residential properties has shown increasing trend in twelve (out of 20 cities already being covered) cities ranging from 0.52% in Indore to 28.74% in Jaipur, and correction in eight  cities ranging from -0.54% in Vijaywada to -7.84% in Guwahati during the quarter January-March, 2013 in comparison to the previous quarter October-December, 2012. The Index for the quarter January-March, 2013 has witnessed increase in property prices in majority of the cities over the previous quarter.

The six new cities added from the period January-March, 2013 have shown increase in the prices compared to the Base Year 2007 with maximum increase witnessed in Chandigarh (94%) followed by Meerut (91%), Coimbatore (84%), Dehradun (83%), Nagpur (63%) and Raipur (56%).

Rising Trend: Residential housing prices in 12 cities have shown increase in prices in this quarter ended March, 2013 (January-March, 2013) over the previous quarter ended December, 2012 (October-December, 2012). Maximum increase was observed in Jaipur (28.74%) followed by Bhubneshwar (14.54%), Pune (7.81%), Bhopal (6.49%), Delhi (3.59%), Bengaluru (2.83%), Mumbai (2.31%), Kochi (2.30%), Faridabad (0.98%), Patna (0.67%), Ahmedabad (0.53%) and Indore (0.52%).

Declining Trend: 8 cities have shown decline in prices over the previous quarter with maximum fall observed in Guwahati (-7.84%) followed by Ludhiana (-6.71%), Surat (-6.67%), Kolkata (-5.75%), Lucknow (-3.18%), Hyderabad (-2.23%), Chennai (-1.28%) and Vijaywada (-0.54%).

Overall impression: Property prices in majority of the cities are witnessing     marginal upward trend.

CITY WISE HOUSING PRICE INDEX FOR THE QUARTER JANUARY- MARCH, 2013

CITIES

2007 Index

Jan-Mar 2011 Index

Apr-Jun 2011 Index

Jul-Sept 2011 Index

Oct-Dec 2011 Index

Jan-Mar 2012 Index

Apr-Jun 2012 Index

Jul-Sep 2012 Index

 

Oct-Dec 2012 Index

 

Jan-Mar 2013 Index

Hyderabad

100

83

91

84

79

86

85

84

90

88

Faridabad

100

165

220

206

218

217

217

216

205

207

Patna

100

146

146

141

140

129

140

138

151

152

Ahmedabad

100

165

169

163

167

164

174

180

191

192

Chennai

100

218

248

271

296

304

309

312

314

310

Jaipur

100

67

64

65

64

80

78

85

87

112

Lucknow

100

157

160

154

165

164

171

175

189

183

Pune

100

148

150

169

184

181

200

201

205

221

Surat

100

128

149

139

152

144

145

138

150

140

Kochi

100

86

107

97

82

72

73

80

87

89

Bhopal

100

167

224

208

211

204

207

206

216

230

Kolkata

100

211

194

191

190

191

196

191

209

197

Mumbai

100

175

181

194

193

190

197

198

217

222

Bengaluru

100

88

92

93

100

92

100

98

106

109

Delhi

100

126

147

154

167

168

172

178

195

202

Bhubneshwar

100

 

 

 

 

161

164

168

172

197

Guwahati

100

 

 

 

 

157

159

158

166

153

Ludhiana

100

 

 

 

 

163

171

168

179

167

Vijayawada

100

 

 

 

 

184

186

181

185

184

Indore

100

 

 

 

 

208

203

196

194

195

Chandigarh

100

 

 

 

 

 

 

 

 

194

Coimbatore

100

 

 

 

 

 

 

 

 

184

Dehradun

100

 

 

 

 

 

 

 

 

183

Meerut

100

 

 

 

 

 

 

 

 

191

Nagpur

100

 

 

 

 

 

 

 

 

163

Raipur

100

 

 

 

 

 

 

 

 

156

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interface of Financial Intelligence Unit-India (FIU-IND) with Housing Finance Companies
 
 

NHB/CCC/26/2013

March 15, 2013

Press Release on “Interface of Financial Intelligence Unit-India (FIU-IND) with Housing Finance Companies”

We are sending herewith Press Release on “Interface of Financial Intelligence Unit-India (FIU-IND) with Housing Finance Companies”

Shri R V Verma, CMD, National Housing Bank addressing the Principal Officers in the Interface session  of FIU-IND with HFCs organized on March 15, 2013 in its Head Office at New Delhi

Housing Finance Companies have certain obligations under the Prevention of Money Laundering Act, 2002 (PMLA) including reporting of large cash and suspicious transactions to FIU-IND as Cash Transaction Report (CTR) and Suspicious Transaction Report (STR).

To sensitize the registered Housing Finance Companies about the importance and development in the area of PMLA and to review their compliance of Know your customer Guidelines/Anti Money laundering norms,  National Housing Bank organized interface session for the Principal Officers of Registered Housing Finance Companies their Head office at Delhi  on March 15, 2013.  

Shri  R. V. Verma, CMD, NHB in his inaugural remarks explained the rationale behind KYC/PMLA in the backdrop of the global concern regarding money Laundering and financing of terrorism.

Shri Rajendra Singh, Addl. Director, FIU-IND and Shri Pankaj Rajbanshi, Deputy Director, FIU-IND addressed the participants about the requirement under PMLA. They also expressed  concern in the area of money laundering and legal obligations of reporting suspicious transactions of HFCs  and also  Stressed the need for every HFC to have a structured mechanism in place for monitoring, filtering and reporting of suspicious transactions. Further, they have also highlighted the process of on-line reporting system also.

In his closing remarks, Executive Director, R S Garg, NHB advised the HFCs to ensure strict compliance of Know your customer Guidelines/Anti Money laundering norms not only because of requirement under law but also to safeguard their business operations.

 
 
 
PRESS RELEASE APUHF Enters into MoU with APMCHUD
 

The Asia Pacific Union for Housing Finance (APUHF), a  platform to act as a knowledge sharing and networking medium promoting  coalition and coordination among the Asia Pacific Countries in determining their housing and housing finance solutions entered into a Memorandum of Understanding with the Asia Pacific Ministerial Conference on Housing and Urban Development. an inter-ministerial body of the Asia Pacific countries, set up under the aegis of UN-HABITAT, having its permanent Secretariat located in New Delhi.
The MoU was signed during the  4th APMCHUD Conference held in Amman, Hashemite Kingdom of Jordan during December 10-12, 2012. The MoU was signed by Mr R V Verma, Chairman, APUHF and Chairman and Managing Director, National Housing Bank India on behalf of APUHF and Mr Susheel Kumar, Chief Coordinator, APMCHUD and Joint Secretary, MHUPA on behalf of APMCHUD. Further, for the benefit of the participating countries, a detailed presentation on the scope, objective and vision of APUHF was delivered at the Inaugural Session of the Conference by Chairman, APUHF Mr Verma. The MoU and the presentation has generated considerable interest in the network and its activities.
The MoU outlines the activities and areas of cooperation between the two regional networks including knowledge sharing, promotional activities, capacity building, joint research etc. It is expected that the joint collaboration between APMCHUD and APUHF would  lead to a mutually fruitful partnership between both Networks and will benefit all member countries and institutions.


Mr R V Verma, Chairman- APUHF and CMD, NHB, India alongwith Chief Coordinator APMCHUD and Joint Secretary,
MHUPA Mr Susheel Kumar signing the MoU between APUHF and APMCHUD  on December 12, 2012 at Amman, Jordan

 
 
 
 
 
 
 
 
 
 
 
 
PRESS RELEASE NHB & CAFRAL Convene Seminar on Regulatory Regime for Mortgage Finance and Risk
 

The National Housing Bank (NHB) and the Centre for Advanced Financial Research and Learning (CAFRAL) jointly organized a half -day Seminar on Regulatory Regime for Mortgage Finance and Risk where Professor Tarun Ramadorai from University of Oxford, presented the findings of his paper on “Regulatory Regime for Mortgage Finance and Risk” for the industry stakeholders.  The Seminar was convened on December 20, 2012 at Mumbai and key stakeholders including Banks, Housing Finance Companies, Rating Agencies, International Financial Institutions besides Reserve Bank of India, CAFRAL, NHB participated in the Seminar.
The Seminar was chaired by Ms Usha Thorat, Director, CAFRAL alongwith Mr R V Verma, Chairman & Managing Director, NHB. The Panel for the Seminar comprised of Mr Keki Mistry, VC & CEO, HDFC, Mr R K Saraf, DMD, State Bank of India, Mr Naresh Takkar, MD & CEO, ICRA Ltd, Dr Sabri Oncu, Head-Reserach, CAFRAL, and Ms Mythili Bhusnurmath, Consulting Editor, Economic Times.
The Seminar deliberated on issues to understand the effects of regulation on mortgage risk, tracked the history of regulatory changes and based on loan level data understand how fast-changing regulation impacted mortgage lending and risk. Through the same, it is evidenced that regulation has important effects on mortgage rates and delinquencies in both the time-series and the cross-section.


Ms Usha Thorat, Director, CAFRAL, Mr R V Verma, CMD, NHB with other Panelists at NHB-CAFRAL Seminar on Regulatory Regime for Mortgage Finance and Risk
held on December 20, 2012 at Mumbai

 
 
 
 
 
 
 
 
 
 
Press Release - NHB’s Conference on Reverse Mortgage Loan (RML) at Bhopal, November 30, 2012
 

National Housing Bank (NHB), the apex housing finance institution in association with HelpAge India organized a Conference on Reverse Mortgage Loan (RML) at Bhopal on November 30, 2012. The Conference is part of NHB's promotional endeavour to generate awareness about the product amongst Senior Citizens and executives of Banks and Housing Finance Companies (HFCs).

Shri R.V. Verma, CMD, NHB , Shri P.R. Ravi Mohan, Regional Director, RBI, Bhopal graced the event and addresses the gathering and Dr Harvinder Bakshi, National Director of HelpAge India headed the team from Helpage India . The Conference was attended by Senior Citizens and local senior officials of Banks and HFCs of Bhopal.

Shri R.V. Verma, CMD, NHB in his opening remarks highlighted the role played by NHB in formulation and promotion of the Reverse Mortgage Scheme through such awareness building programmes. He also mentioned that during its Silver Jubilee year, the Bank would be organizing more of such events and will be launching new products and Schemes for the housing sector.

Shri P.R. Ravi Mohan, RD, RBI, Bhopal in his address appreciated the efforts of NHB in promoting the Scheme and he exhorted the bank and HFCs to spread awareness about scheme and promote its implementation. Dr. Harvinder Bakshi spoke on the role of the RML Counsellors in creating awareness on the Scheme and the continued support provided by HelpAge India in organizing such seminars and conferences in coordination with NHB.

Further, the Conference included a detailed presentation on the Reverse Mortgage Scheme and an interactive session with the bankers and the senior citizens.

 
 
 
 
 
 
 
 
 
 
 
 
 
Press Release on Launch of Credit Risk Guarantee Fund Trust for Low Income Hou sing
 


The Credit Risk Guarantee Fund Scheme for Low Income Housing was launched by Shri Ajay Maken, Hon’ble Union Minister for Housing & Urban Poverty Alleviation (MoHUPA) on 31st October, 2012 at New Delhi at a Function organised by the National Housing Bank (NHB). To mark the launch of the operations under the Scheme, three major lending agencies in the retail housing market, State Bank of India, Central bank of India and Housing Development Finance Corporation Ltd. (HDFC) entered into agreement with the Credit Guarantee Trust, which will be managed by the National Housing Bank.

The Credit Risk Guarantee Fund Trust for Low Income Housing was announced in the Union Budget and has been set up by the Government of India on 1st May, 2012 under the aegis of the Ministry of Housing and Urban Poverty Alleviation (MoHUPA).  The Trust has since been set up by MoHUPA and the Fund Trust will be managed by NHB which will also facilitate and oversee the operations of the Scheme. The Credit Risk Guarantee Fund Scheme for Low Income Housing has since been notified in the Gazette of India (July 7-13, 2012). The Scheme aims at facilitating flow of credit to the low income households in the EWS/LIG category from the formal financial sector.

Under the Scheme, the Fund will provide credit risk guarantee to the lending institutions against their housing loans upto  5 lakh for new borrowers in the EWS/LIG categories of population in Urban Areas without requiring any collateral security and/or third party guarantee. The extent of Guarantee Cover to be provided under the Scheme is 90% of the amount in default in respect of loan amount upto rupee symbol download, indian currency symbol 2 lakhs and 85% of the amount in default for housing loan above rupee symbol download, indian currency symbol2 lakh to rupee symbol download, indian currency symbol5 lakh.

The lending institutions eligible to avail benefit of the Guarantee cover under the Scheme of the Fund Trust are Scheduled Commercial Banks, Regional Rural Banks, Urban Co-operative Banks, NBFC-MFIs, Apex Cooperative Housing Finance Societies registered under the State Co-operative Societies Act and Housing Finance Institutions registered with National Housing Bank (NHB).

The guarantee Scheme will provide protection to the lenders against the default from the borrowers and will act as a credit risk mitigant for the lenders and will help in capital relief with lower risk weight on these loans.  It is envisaged that setting up of this Government-supported Guarantee Fund will help in addressing the housing needs of EWS/LIG segments of population in Urban Areas through a sustainable credit mechanism and improve home ownership and inclusive housing in the country.

 
 
 
 
 
 
 
 
 
 
Press Release on Half Yearly Financial Results of The Bank As on December 31, 2012
 

The financial results of the Bank for the half-year ended December 31, 2012 were approved by the Board of National Housing Bank at its meeting held on 28th January, 2013

Highlights of the Working Results (Year on Year basis: Half-year ended December 31, 2012 as compared to Half-year ended December 31, 2011)

  1. Overall sanctions increased by over 7% from 14,692 Crore to 15,781 Crore while overall disbursements increased by around 17% from 8,108 Crore to 9,516 Crore.
  2. Total Income increased by around 28% from 1,122 Crore to 1,436 Crore.
  3. Operating Profit increased by over 35% from 282 Crore to 381 Crore.
  4. Profit before Tax (PBT) increased by over 34% from 254 Crore to 342 Crore.
  5. Profit after Tax (PAT viz., Net Profit) increased by around 40% from 167 Crore to 234 Crore.
  6. Outstanding loans increased by 29% from 25,576 Crore to 33,083 Crore.
  7. Outstanding borrowings increased by 22% from 25,118 Crore to 30,711 Crore.
  8. Total Assets increased by 22% from 29,183 Crore to 35,639 Crore.
  9. Gross NPA stood at 4.53 Crore (Previous Half-year-  1.02 Crore) and Net NPA stood at 3.75 Crore (Previous Half-year- 0.87 Crore) which was 0.011% of the total loans and advances as on 31.12.2012

Analysis and Comments

  1. Total income increased by 28% from 1,122 Crore in Dec-11 to 1,436 in  Dec-12 Crore while operating expenditure increased by 26% from 840 Crore to     1,055 Crore.
  2. Interest income went up by over 28% from 1,113.23 Crore to 1,430.14 Crore while interest expense went up by 26% from 823 Crore to 1,038 Crore during the current half-year.
  3. The increase in interest income is higher than the increase in interest expense. This has resulted in increase in the net interest incomes, which went up substantially by over 35%, and also increase in the interest spread.
  4. Non-interest income decreased by 30% from 8.50 Crore in Dec-11 to 5.95 Crore in       Dec-12.
  5. While staff expenses declined by around 10% from  4.07 Crore in Dec-11 to 3.68 Crore in Dec-12, other operating expense increased marginally by 2% from 12.84 Crore to 13.08 Crore during the half year ended Dec-12 over Dec-11. Decline in staff expenses is mainly due to reduction provision for gratuity from 0.63 Crore in     Dec-11 to 0.14 Crore in Dec-12.
  6. Debt-Equity Ratio at 9.06 times as on 31.12.2012 (8.54 times as on 31.12.2011).
  7. Net worth of the Bank went up by over 15% from 2,938 Crore to 3,388 Crore as a result of retention of profit by the Bank.
  8. Return on Average Assets increased from 1.22% to 1.40% while return on Net Worth increased from 11.40% to 13.83%.
  9. CRAR of the Bank as on 31.12.2012 stood at 16.83%.

General Comments

The Bank posted Net profit of Rs. 234 crores for the Half-year ended 31st December, 2012, an increase of 40% over the corresponding period of the Previous Year. The Bank also diversified its lending portfolio to cover larger number of institutions viz., banks, HFCs and RRBs. Out of the annual budgeted disbursement of Rs. 16,500 crores, the Bank disbursed a sum of Rs. 9516 crores during the Half-year ended 31st December, 2012, an increase of 17% from the earlier figure of Rs. 8,108 crores during the corresponding period of Previous Year. The outstanding portfolio of NHB at Rs. 33,083 crores is almost equally divided between the commercial banks and the HFCs. However, during the Half-year ended 31st December, 2012, the banks accounted for nearly 70% of the incremental refinance from NHB during the half-year.
Rural Housing portfolio of NHB accounts for nearly 41% of its total outstanding refinance. During the half-year ended 31st December, 2012, Rural Housing disbursements accounted for nearly 40% of the disbursements, loans upto Rs. 5 lakhs accounted for about 10%, loans upto 15 lakhs about 53% and loans upto Rs. 25 lakhs about 83% of the disbursements during the half-year.
NHB recently slashed its benchmark PLR by 25 basis points from 10% to 9.75% and reduced its lending rates also by 25 basis points for loans upto Rs. 10 lakhs.

 
 
 
 
 
 
 
 
Press Release on ‘International Conference on Housing Finance on Housing - An engine for Inclusive Growth’ held during April 11-13, 2013 in New Delhi, India
 

An International Conference on Housing Finance on the theme “Housing - An engine for Inclusive Growth” was organized during April 11-12, 2013 at New Delhi, India. The Conference was held under the combined aegis of National Housing Bank (NHB), the Asia Pacific Union for Housing Finance (APUHF) Forum, whose Secretariat is hosted by NHB, and the Asia Pacific Ministerial Conference on Housing and Urban Development (APMCHUD).  The Conference was inaugurated by the Hon’ble Union Minister of State for Finance, Shri Namo Narain Meena. The focus area of the Conference was housing as a contributor to inclusive growth. The programme was structured with a view to deliberate on a wide range of issues being faced by the housing and housing finance industry across the Asia Pacific region, as also the best practices across the globe.

The two-day conference saw participation from more than 200 eminent speakers and delegates from over 12 developed and emerging countries. Several speakers presented the status of housing and housing finance in their respective countries. The Conference saw representation from Central Banks of various countries, policy makers, planners, Banks, Financial Institutions, multilateral agencies and academia. The Conference spanned over a period of two days and comprised of nine sessions covering issues relating to increasing urbanization and housing challenges, regulatory and policy framework, housing finance and low income housing, securitization, mortgage insurance / guarantee and lessons from sub-prime.

The speakers also deliberated on issues arising from urbanization, slum proliferation, and lack of adequate and reliable data with respect to housing shortage. Further, funding models of various countries and also new evolving products like covered bonds were discussed during the course of the Conference. Members of the developer community also shared their insights and outlook for the housing and housing finance sector.

The Conference served as a platform for sharing knowledge, experiences and learnings amongst the Asia Pacific countries for an in-depth understanding of issues related to the sector. The two-day event also served as an advocacy forum promoting the need for affordable and accessible housing and housing finance in the region, engaging attention of various stakeholders and Policy makers.

Some recommendations and ideas which emerged after the two-day conference included accessible and affordable construction finance, simplification of state laws, single window clearances to enable faster approvals, establishment of the Real Estate Regulator, inclusion of MFIs in the schemes formulated by the Government, effective rental housing schemes, special dispensation of FAR, developing sustainable and customized housing microfinance products for the EWS/LIG segments, interlinking the various plans like City Development Plan, Master Plan, City Sanitation Plan and City Mobility Plan. The importance of responsible borrowing as well as responsible lending was also highlighted in the backdrop of the sub-prime crisis.

It was strongly felt that the sector required an effective and constructive regulatory mechanism to ensure transparency, accountability and further safeguarding the interest of the end user. The need to protect customers’ interests and promote transparency for their information and decision making was also highlighted. The representatives from Iraq, Afghanistan, Indonesia, Thailand, Malaysia, Nigeria and Yemen gave detailed accounts of the status of housing sector and housing policies in their countries. The need for national level housing policies with emphasis on state and local governments’ sensitization to the need for reforms and efficient processes and approvals was a common theme observed across all countries’ presentations.

As a follow up, NHB seeks to step up its advocacy for these reforms and changes with the state government agencies and local authorities through suitable awareness-building and capacity-building measures. NHB is also engaging with International Financial Institutions in this regard.

 
 
 
 
 
 
 
 
 
Press Release NHB RESIDEX – RESIDENTIAL HOUSING PRICE INDEX Quarterly Update October-December, 2012 (20 cities)
 

 

1.    Scope and Coverage of the Index

NHB RESIDEX tracks the movement in prices of residential properties on a quarterly basis. This is being done since 2007.

From the quarter January-March 2012, NHB Residex has been further expanded to cover 5 (Five) more cities viz. Bhubaneshwar, Guwahati, Ludhiana, Vijayawada and Indore. The NHB RESIDEX now covers 20 cities. The Index for Delhi includes property transactions of Gurgaon, Noida, Greater Noida and Ghaziabad thereby expanding its coverage to National Capital Region (NCR).

This latest NHB RESIDEX for the quarter October-December, 2012 covers 20 cities, with base year as 2007. The Residex for the quarter October-December, 2012 constructed for 20 cities has taken into account the price trends for residential properties in different locations and zones in each city. Data on the transactions are collected from diverse sources and are classified, validated and applied to the model designed to give the representative Index for each city. The data are put through a Model that depicts the trend in the market. The Residex is expected to bring greater uniformity and standardisation as well as greater transparency in the valuation of properties across the industry.

 

2.  Price Movement for the quarter October-December, 2012 (20 Cities)

The movement in prices of residential properties has shown increasing trend in eighteen cities ranging from 0.6% in Chennai to 9.6% in Delhi & Mumbai, and fall in only two cities namely Indore (-1.0%) and Faridabad (-5.1%) during the quarter October-December, 2012 in comparison to the previous quarter July-September, 2012. The Index for the quarter October-December, 2012 has witnessed significant increase in property prices in majority of the cities over the previous quarter.

 

Rising Trend: Residential housing prices in 18 cities have shown increase in prices in this quarter ended December, 2012 (October-December, 2012) over the previous quarter ended September, 2012 (July-September, 2012). Maximum increase was observed in Mumbai (9.6%) followed by Delhi (9.6%), Kolkata (9.4%), Patna (9.4%), Kochi (8.8%), Surat (8.7%), Bengaluru (8.2%), Lucknow (8.0%), Hyderabad (7.1%), Ludhiana (6.5%), Ahmedabad (6.1%), Guwahati (5.1%), Bhopal (4.9%), Bhubneshwar (2.4%), Jaipur (2.4%), Vijayawada (2.2%), Pune (2.0%) and Chennai (0.6%).

Declining Trend: 2 cities have decline in prices over the previous quarter namely Faridabad (-5.1%) and Indore (-1.0%).

 

Overall impression: In majority of the cities prices are witnessing upward trend.
CITY WISE HOUSING PRICE INDEX FOR THE QUARTER OCTOBER-DECEMBER, 2012


CITIES

2007 Index

Jan-Mar 2011 Index

Apr-Jun 2011 Index

Jul-Sept 2011 Index

Oct-Dec 2011 Index

Jan-Mar 2012 Index

Apr-Jun 2012 Index

Jul-Sep 2012 Index

 

Oct-Dec 2012 Index

Hyderabad

100

83

91

84

79

86

85

84

90

Faridabad

100

165

220

206

218

217

217

216

205

Patna

100

146

146

141

140

129

140

138

151

Ahmedabad

100

165

169

163

167

164

174

180

191

Chennai

100

218

248

271

296

304

309

312

314

Jaipur

100

67

64

65

64

80

78

85

87

Lucknow

100

157

160

154

165

164

171

175

189

Pune

100

148

150

169

184

181

200

201

205

Surat

100

128

149

139

152

144

145

138

150

Kochi

100

86

107

97

82

72

73

80

87

Bhopal

100

167

224

208

211

204

207

206

216

Kolkata

100

211

194

191

190

191

196

191

209

Mumbai

100

175

181

194

193

190

197

198

217

Bengaluru

100

88

92

93

100

92

100

98

106

Delhi

100

126

147

154

167

168

172

178

195

Bhubneshwar

100

 

 

 

 

161

164

168

172

Guwahati

100

 

 

 

 

157

159

158

166

Ludhiana

100

 

 

 

 

163

171

168

179

Vijayawada

100

 

 

 

 

184

186

181

185

Indore

100

 

 

 

 

208

203

196

194

 
 
 
 
 
 
 
 
 
 
NHB Organized Drawing Competition
 

The National Housing Bank which has entered its Silver Jubilee Year on 9th July, 2012 has been organizing  a series of Silver Jubilee events in different parts of the country. One of the Events in the Series was a drawing competition organized in Nagar Palika Senior Secondary School, Lodhi Road, New Delhi by the Bank on 29.12.2012.  The School caters to the very poor households who send their children for education which is almost 100% subsidised. Nearly, 54 students from Class V to X participated and exhibited their talents using pencils and water colours with the theme of “MERE SAPNO KA GHAR”. Despite the chilly weather of Delhi, students were full of enthusiasm. As reflected in their drawings, the expression “Mere Sapno ka Ghar” was not restricted to the mere structure of a house. One thing which was almost common in all drawings was a house surrounded with greenery. This is one dream that we all share.” Seen in the photograph is CMD, National Housing Bank, RV Verma, togetherwith the Principal and Tutors of the School sharing this pleasant moment with the children.  



 
 
 
 
 
 
NHB RESIDEX – Quarterly Update July-September, 2012 (20 cities)
 

 

1.    Scope and Coverage of the Index


NHB RESIDEX tracks the movement in prices of residential properties on a quarterly basis. This is being done since 2007.


From the quarter January-March 2012, NHB Residex has been further expanded to cover 5 (Five) more cities viz. Bhubaneshwar,
Guwahati, Ludhiana, Vijayawada and Indore. The NHB RESIDEX now covers 20 cities.
The Index for Delhi has been expanded to
cover Gurgaon, Noida, Greater Noida and Ghaziabad thereby expanding its coverage to National Capital Region (NCR). From April-June,
2012 onwards the Index of Delhi covers National Capital Region (NCR).

 

This latest NHB RESIDEX for the quarter July-September, 2012 covers 20 cities, with base year as 2007. The Residex for the quarter
July-September, 2012 constructed for 20 cities has taken into account the price trends for residential properties in different locations and
zones in each city. Data on the transactions are collected from diverse sources and are classified, validated and applied to the model
designed to give the representative Index for each city. The data are put through a Model that depicts the trend in the market. The Residex
is expected to bring greater uniformity and standardisation as well as greater transparency in the valuation of properties across the
industry.


2.  Price Movement for the quarter July-September, 2012 (20 Cities)

The movement in prices of residential properties has shown marginally declining  trend in eleven cities ranging from -0.4% in Faridabad to
-4.8% in Surat, and rise in nine cities ranging from 0.5% in Mumbai to 10.1% in Kochi during the quarter July-September, 2012 in
comparison to the previous quarter April-June 2012. The Index for the quarter July-September, 2012 has witnessed marginal decline/
increase in property prices in majority of the cities over the previous quarter except in Jaipur and Kochi which have witnessed significant
increases.


Rising Trend: Residential housing prices in 9 cities have shown marginal increase in prices in this quarter ended September, 2012 (July-
September, 2012) over the previous quarter ended June, 2012 (April-June, 2012). Maximum increase was observed in Kochi (10.1%)
followed by Jaipur (9.0%), Delhi (3.8%), Ahmedabad (3.0%), Bhubaneshwar (2.3%), Lucknow (2.2%), Chennai (0.8%), Pune (0.7%) and
Mumbai (0.5%).

Declining Trend: 11 cities have shown marginal decline in prices over the previous quarter with maximum decline observed in Surat (-
4.8%) followed by Indore (-3.54%), Kolkata (-2.4%), Vijayawada (-2.4%), Patna (-1.8%), Ludhiana (-1.7%), Bengaluru (-1.7%), Hyderabad
(-1.3%), Guwahati (-0.7%), Bhopal (-0.5%) and Faridabad (-0.4%).


Overall impression about the Trend: Prices starting to decline in some smaller towns and the increase in other cities is mostly
marginal, barring Kochi and Jaipur. There are some signs of convergence of prices around this level across the 20 cities.


CITY WISE HOUSING PRICE INDEX FOR THE QUARTER JULY-SEPTEMBER, 2012


CITIES

2007 Index

Jan-Mar 2011 Index

Apr-Jun 2011 Index

Jul-Sept 2011 Index

Oct-Dec 2011 Index

Jan-Mar 2012 Index

Apr-Jun 2012 Index

Jul-Sep 2012 Index

Hyderabad

100

83

91

84

79

86

85.39

84.30

Faridabad

100

165

220

206

218

217

217.26

216.40

Patna

100

146

146

141

140

129

140.08

137.55

Ahmedabad

100

165

169

163

167

164

174.39

179.67

Chennai

100

218

248

271

296

304

309.44

311.95

Jaipur

100

67

64

65

64

80

78.25

85.28

Lucknow

100

157

160

154

165

164

171.19

175.02

Pune

100

148

150

169

184

181

199.71

201.07

Surat

100

128

149

139

152

144

145.33

138.40

Kochi

100

86

107

97

82

72

72.66

79.98

Bhopal

100

167

224

208

211

204

207.19

206.13

Kolkata

100

211

194

191

190

191

195.59

190.87

Mumbai

100

175

181

194

193

190

197.04

198.00

Bengaluru

100

88

92

93

100

92

99.99

98.33

Delhi

100

126

147

154

167

168

172.00

178.48

Bhubneshwar

100

 

 

 

 

161

164.26

168.00

Guwahati

100

 

 

 

 

157

158.73

157.64

Ludhiana

100

 

 

 

 

163

171.08

168.17

Vijayawada

100

 

 

 

 

184

185.61

181.16

Indore

100

 

 

 

 

208

203.15

195.96


 

 
 
 
 
 
 
 
Conference on Reverse Mortgage Loan (RML) & Launch of NHB’s RML Counselling Centre at Patna, August 27, 2012
 

National Housing Bank (NHB), the apex housing finance institution, opened its first Reverse Mortgage Loan (RML) Counseling Centre for Senior Citizens at Patna in association with HelpAge India on August 27, 2012. The Centre was launched by  Shri H.R. Khan, Deputy Governor, Reserve Bank of India in the presence of Shri R. V. Verma, CMD, NHB, Shri P.K.Jena, Regional Director, RBI, Patna, Shri D. V. Deshpande, CGM, NABARD, other senior officials of Banks and HFCs & Dr Harvinder Bakshi, National Director of HelpAge India. This is the 13th such RML Counseling Centre in the country established by NHB in association with HelpAge India and other industry partners.


To mark the launch of the Patna RML Counseling Centre, NHB organized a Conference for the Senior Citizens and executives from Banks and Housing Finance Companies at RBI, Patna. While inaugurating the Centre, Shri Khan lauded the initiative of NHB regarding launch of RML and its RML Counselling Centres. Deputy Governor, RBI also urged the banking community to popularize the Scheme that has been designed to assist senior citizens community and ensure that the benefits under the Scheme are made available to them. He also advised them to deal with the Scheme with sensitivity and compassion for the senior citizen community.

Shri R.V. Verma, CMD, NHB in his opening remarks highlighted the role played by NHB in formulation and promotion of the Reverse Mortgage Scheme and in capacity building and awareness generation about the Scheme. He also mentioned that NHB was celebrating its Silver Jubilee year during which the Bank would be organizing more such events and launch new products and Schemes for the housing sector. One such initiative will be the launch of Mortgage Counselling initiative across the country in respect of regular mortgages (housing loans) also, in partnership with Indian Institute of Banking & Finance (IIBF).


The Conference also included a detailed presentation on the Reverse Mortgage Scheme and an interactive session with the bankers and the senior citizens

Individual Prize winners are being intimated separately. The prizes shall be awarded during the World Habitat Day celebrations in 2012. Details of the same would be intimated to the prize winners shortly.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
World habitat day 2011 celebrations Results of world habitat day 2011 essay competition
 

WORLD HABITAT DAY 2011 CELEBRATIONS
RESULTS OF WORLD HABITAT DAY 2011 ESSAY COMPETITION

The results of the Essay competition organized by the National Housing Bank on the occassion of the World Habitat Day 2011 are as under:

Prize

Author

First Prize

Ms. Kalpana C S
Asst. Manager
Reserve Bank of India
Bangalore

Second Prize

Mr. Santosh Srivastava
Union Bank of India
Bhopal (M.P.)

Third Prize

Mr. Ganesh Shivajiraojadhav
Joint Manager
Bank of Baroda
Maharashtra

And

Ms. Simrandeep Kaur
Assistant General Manager (Projects)
Housing and Urban Development Corporation Ltd.
New Delhi

Three Consolation Prizes

Consolation Prize

Mr. Pranab Acharyya
Manager - Systems
SME Development Centre
Mumbai

Consolation Prize

Mr. J. B. Kaushik
Sr. Manager
Bank of Baroda
New Delhi

Consolation Prize

Ms. Priyanka Deepak Naik
Manager
Bank of Maharashtra Central Office
Pune

 

Individual Prize winners are being intimated separately. The prizes shall be awarded during the World Habitat Day celebrations in 2012. Details of the same would be intimated to the prize winners shortly.

 
 
 
 
 
 
 
 
 
 
 
Press Release NHB Residex – Residential Housing Price Index Quarterly Update April-June, 2012 (20 Cities)
 

Scope and Coverage of the Index

NHB RESIDEX tracks the movement in prices of residential properties on a quarterly basis. This is being done since 2007.

From the quarter January-March 2012, NHB Residex has been further expanded to cover 5 (Five) more cities viz. Bhubaneshwar,
Guwahati, Ludhiana, Vijayawada and Indore. The NHB RESIDEX now covers 20 cities.

This latest NHB RESIDEX for the quarter April – June, 2012 covers 20 cities, with base year as 2007. The Index for Delhi has been expanded to cover Gurgaon, Noida, Greater Noida and Ghaziabad thereby expanding its coverage to National Capital Region (NCR). Thus,
from April-June, 2012 onwards the Index of Delhi would cover National Capital Region (NCR).

The Residex for the quarter April – June, 2012 constructed for 20 cities has taken into account the price trends for residential properties in
different locations and zones in each city. Data on the transactions are collected from diverse sources and are classified, validated and
applied to the model designed to give the representative Index for each city. The data are put through a Model that depicts the trend in the
market. The Residex is expected to bring greater uniformity and standardisation as well as greater transparency in the valuation of
properties across the industry.

 

2.  Price Movement for the quarter April-June, 2012 (20 Cities)

The movement in prices of residential properties has shown increasing trend in sixteen cities (ranging from 1.1% in Kochi to 10.5% in Pune), and marginal decline in three cities while one city has shown stable price level under NHB RESIDEX during the quarter April-June, 2012 in comparison to the previous quarter January-March 2012. The Index for the quarter April-June, 2012 has witnessed marginal increase/decrease in property prices in majority of the cities over the previous quarter except in Pune, Patna and Bengaluru which have witnessed significant increases. Hyderabad, Jaipur and Indore have witnessed corrections in the property prices as compared to last quarter. Faridabad has remained stagnant in this quarter.

Rising Trend: Residential housing prices in 16 cities have shown rise in prices in this quarter ended June, 2012 (April-June, 2012) over the previous quarter ended March, 2012 (January-March, 2012). Maximum increase was observed in Pune (10.5%) followed by Bengaluru (8.7%), Patna (8.6%), Ahmedabad (6.4%), Ludhiana (5.3%), Lucknow (4.1%), Mumbai (3.7%), Delhi (2.6%), Kolkata (2.6%), Bhubaneshwar (1.7%), Bhopal (1.7%), Chennai (1.7%), Surat (1.2%), Guwahati (1.2%), Vijaywada (1.1%) and Kochi (1.1%).

Declining Trend: 3 cities have shown marginal decline in prices over the previous quarter with maximum decline observed in Jaipur (-2.6%), Indore (-2.4%) and Hyderabad  (-1%).

Residential Prices in Faridabad have remained stable during this quarter as compared to the previous quarter.

Overall impression: Prices stabilising at this level across the 20 cities.
CITY WISE HOUSING PRICE INDEX FOR THE QUARTER APRIL-JUNE, 2012


CITIES

2007 Index

Jan-June 2009  Index

July-Dec 2009  Index

Jan-Mar 2010 Index

Apr-Jun 2010 Index

July-Sept 2010 Index

Oct-Dec 2010 Index

Jan-Mar 2011 Index

Apr-Jun 2011 Index

Jul-Sept 2011 Index

 

Oct-Dec 2011 Index

 

Jan-Mar 2012 Index

 

Apr-Jun 2012
Index

Hyderabad

100

65

81

81

82

87

87

83

91

84

79

86

85

Faridabad

100

139

145

154

152

170

176

165

220

206

218

217

217

Patna

100

107

119

127

124

148

146

146

146

141

140

129

140

Ahmedabad

100

127

128

113

131

141

164

165

169

163

167

164

174

Chennai

100

120

143

164

183

210

214

218

248

271

296

304

309

Jaipur

100

71

63

66

61

63

69

67

64

65

64

80

78

Lucknow

100

104

119

112

133

148

152

157

160

154

165

164

171

Pune

100

103

117

124

135

140

141

148

150

169

184

181

200

Surat

100

111

123

109

136

128

133

128

149

139

152

144

145

Kochi

100

90

83

79

83

97

101

86

107

97

82

72

73

Bhopal

100

139

162

158

153

166

173

167

224

208

211

204

207

Kolkata

100

162

185

165

176

191

213

211

194

191

190

191

196

Mumbai

100

124

126

134

160

167

173

175

181

194

193

190

197

Bengaluru

100

58

59

64

68

74

101

88

92

93

100

92

100

Delhi

100

121

113

106

110

115

123

126

147

154

167

168

172

Bhubaneshwar

100

                 

 

161

164

Guwahati

100

                 

 

157

159

Ludhiana

100

                 

 

163

171

Vijayawada

100

                 

 

184

186

Indore

100

                 

 

208

203

 

 
 
 
 
 
 
 
 
 
 
 
 
 
National Housing Bank (NHB) conferred with “Best Employer Brand Award”
 
National Housing Bank (NHB) conferred with “Best Employer Brand Award”

National Housing Bank (NHB) was conferred with “Best Employer Brand Award” at the IPE BFSI Awards 2012 (Institute of Public Enterprise Banking Financial Services & Insurance) at Mumbai. The award is an appreciation for NHB’s HR practices, benchmarking talent and contribution to HR. The IPE BFSI Awards are endorsed by the Asian Confederation of Businesses Supported by Stars of the Industry Group in Association with Thought Leaders International.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
NHB launches Silver Jubilee Year Celebrations
 



The National Housing Bank (NHB), the apex institution for housing finance in the country entered into its 25th year on 9th July, 2012. To commemorate this important milestone in the journey of the institution, NHB organized the Inaugural Event for the year long Silver Jubilee Celebrations on 9th July, 2012 at New Delhi. The Event was graced by the important Guests viz. Kumari Selja, Minister for Housing & Urban Poverty Alleviation and Minister of Culture, Chairman, Economic Advisory Council to the Prime Minister, Dr C Rangarajan and the Minister of State for Finance, Mr Namo Narain Meena.

The Event commenced with the welcome remarks by CMD, NHB R V Verma, who highlighted the background of setting up of the NHB and the journey since. He acknowledged the contribution made by various stakeholders as partners in the NHB's initiatives and Programmes leading to the growth and expansion of the housing finance system.

In her Inaugural Address, the Hon’ble Minister for Housing & Urban Poverty Alleviation and Minister of Culture, Kumari Selja, highlighted the role and contribution of NHB in the development of the housing sector in the country. Enabling the establishment of a diversified base of mortgage lending institutions, integrating the housing finance market with the overall economic system, augmenting credit flow to various segments of the population, and boosting investor confidence in the sector, were highlighted as some of the important milestone  achievements of NHB during the nearly 2½ decades of its existence. In her address the Minister emphasized the importance of improving flow of housing credit to the lower income segments in view of the huge housing shortage in the country. She called upon all the stakeholders to work in a concerted manner in partnership mode to achieve the Government’s goal of ‘Affordable Housing for All’ and expressed the confidence that NHB, as the apex institution in the sector, will continue to make important contribution to these initiatives. While expressing satisfaction over NHB’s role and contribution to the growth and development of the housing finance system, she called upon the NHB to play a lead role in harnessing the full potential of the system in order to address the problem of affordable housing in the country.

Dr. C. Rangarajan, who was the Chairman of the Working Group which recommended the establishment of the National Housing Bank as the apex body for promotion and development of the sector, touched upon the background for creation of this apex institution and its important roles in sectoral development. While commending the role played by NHB in fulfilling the objectives for which it was set up,  Dr. Rangarajan also stressed the need to strike a judicious balance between regulation and innovation, as also the need for customer protection and customer education. In his address he made an important reference to the sub-prime lending in the US that eventually triggered the global crisis. He expressed hope and confidence that the Indian market has evolved  along sound lending practices which has been reinforced by the NHB's oversight supervisory function. Lauding the role of NHB, he expressed confidence that the Bank will continue to play a key role in promotion of housing sector and the housing finance industry in the country in the best interest of the borrower community with due regard to the stability of the market.



Shri Namo Narain Meena, the Hon’ble Minister of State for Finance, in his special address, highlighted some of the key achievements of NHB including the role played in creating a sound and enabling environment for the housing finance system. He also highlighted the capacity created within the financial sector to serve the diverse housing needs of different segments of the population across the geographical regions in the country. He further observed that the sector has attained  good depth, outreach and stability to serve the market in a sustainable manner. He attributed these developments to the important role played by NHB.  In his address he also highlighted the importance of market infrastructure development which NHB is promoting for a robust and vibrant market. Shri Meena outlined some of the pronouncements of the Union Budget 2012 for the housing sector and expressed  confidence that these measures will bring value to the industry and the various stakeholders particularly in the affordable housing segment.  

The Event marked the launch of NHB’s new Logo and its new website –  a mark of continuity with change in the changing times but reflecting its enduring values.

In keeping with NHB’s focus on promoting ‘inclusive housing’, a Special Refinance Scheme for Urban Low Income Housing, was launched by the Hon’ble Minister for Housing and Urban Poverty Alleviation, Kumari Selja. She lauded this initiative of the NHB to provide for long term funds to retail lending institutions at lower interest rates to enable these institutions to increase their housing credit flow to the lower income segments in urban areas. The Scheme covers loans upto Rs.5 lakh extended to households having monthly income of not more than Rs.15,000 for purchase/acquisition of house. Since the refinance assistance will be extended by NHB at lower than market rates, the lending institutions would be expected to pass on the benefit of lower interest rates to the ultimate borrowers. The Scheme aims to improve affordability by providing refinance at fixed lower interest rate for a long term ranging 10-15 yrs resulting in considerable reduction in EMIs and also hedging against interest rate volatility. The launch of the Scheme at this juncture is very timely as it coincides with the formation of the Mortgage Credit Guarantee Trust Fund and the operation of Rajiv Awas Yojana (RAY). Given the common focus of these Programmes/Schemes, the combined outcome is bound to be encouraging and positive.



NHB also launched a Refinance Scheme for Installation of Solar Water Heating and Solar Lighting Equipments in Homes, to promote the use of solar equipment in the domestic context so as to conserve energy and reduce dependence on fossil fuels. The launch of this Scheme is another step in NHB’s efforts to promote energy efficient homes. The Bank is already operating a refinance scheme wherein the retail lending institutions can avail refinance assistance from the Bank in respect of their housing loans extended for energy efficient housing. The newly launched scheme for solar equipments, which covers retail loans upto Rs.50,000 is expected to go a long way towards improving the penetration and usage of solar lighting and solar water heating equipments in homes.

At this important Event, NHB also announced its initiative to document the evolution of the housing finance system in India including an elaborate commentary and analysis of this growth story covering various aspects of the sector, impediments, challenges and important Policies - fiscal and monetary & credit, regulatory etc. that had a bearing on the nature and direction of development of the housing finance market through the years. The role of the NHB will also form an important part of this publication. Interestingly the Book cover was launched by Dr C Rangarajan who also happened to head the High Level Working Group on Housing Finance under the Seventh Five Year Plan whose recommendations led to the formation of the NHB.

Other speakers at the Event included Secretary, MHUPA, Mr A K Misra, Deputy Governor, RBI Mr H R Khan. The Event was attended by senior executives of the Government, CEOs/CMDs/ED’s of Banks, HFCs, multi-lateral institutions, R & D bodies including former CMD’s and employees of NHB, besides its present officers.

CMD, NHB R V Verma in his remarks, also mentioned that the Silver Jubilee Year celebrations of NHB will entail a number of Events throughout the year including book launches, conferences, seminars and other research-oriented knowledge initiatives with national and global participation.

 
 
 
 
 
 
 
 
 
 
 
 
 
NHB RESIDEX – Quarterly Update January-March, 2012 (20 cities)
 

Press Release

NHB RESIDEX – RESIDENTIAL HOUSING PRICE INDEX

Quarterly Update January-March, 2012 (20 cities)

1.    Scope and Coverage of the Index

The last updation of NHB Residex for the quarter October-December 2011 covered 15 cities. From January 2012, NHB-Residex has been further expanded to cover 5 (Five) more cities viz. Bhubaneshwar, Guwahati, Ludhiana, Vijayawada, and Indore, taking the total number to 20. The first time NHB Residex in 2007 was for 5 cities.

This latest NHB RESIDEX for the quarter Jan-March 2012 thus covers 20 cities, including for the first time the above 5 new cities, whose price trends have also been tracked with base year as 2007.

The Residex for the quarter January-March 2012 constructed for 20 cities has taken into account the price trends for residential properties in different locations and zones in each city. Data on the transactions are collected from different/diverse sources and are classified, validated and applied to the model designed to give the representative Index for each city. The data are put through a Model that depicts the trend in the market. The Residex is expected to bring greater uniformity and standardisation as well as greater transparency in the valuation of properties across the industry.

2.    Uses of NHB RESIDEX

The Index also helps the general consumers and property buyers and borrowers in their decision-making by enabling comparisons over time and across cities and localities based on the emerging trends. The Residex also provides insights into the property market for the lending agencies in their credit evaluation and assessment of the value (present and potential) of the security against the loan. NHB RESIDEX can be a useful indicator for estimating the value of property to be financed and also for assessing the value of security cover on the outstanding loan. Builders and developers may also benefit from the index by assessing the demand scenario in a locality, and mapping the housing needs in different parts of the country. NHB RESIDEX may be useful to policy makers, banks, housing finance companies, builders, developers, investors and individuals.

3.  Price Movement for the quarter January-March, 2012 (20 Cities)

The movement in prices of residential properties has shown increasing trend in five cities and decline in ten cities covered under NHB RESIDEX during the quarter January-March, 2012 in comparison to the previous quarter. The Index for the quarter January-March 2012 has witnessed moderation/ stable property prices in majority of the cities over the previous quarter except in Jaipur and Hyderabad which have witnessed significant increases. Kochi, Bengaluru and Patna witnessed significant corrections.

Rising Trend: Residential housing prices in 5 cities have shown rise in prices in this quarter ended March 2012 (January-March 2012) over the previous quarter ended December, 2011 (October-December, 2011). Maximum increase was observed in Jaipur (25%) followed by Hyderabad (8.9%), Chennai (2.8%), Kolkata (0.5%) and Delhi (0.6%),

New 5 Cities: In case of new 5 cities now covered under the Residex from the period January-March, 2012, the prices of the residential properties in all the new cities have shown increasing trends in comparison to the prices in the Base Year 2007. The maximum increase was observed in Indore (108%) followed by Vijayawada (84%), Ludhiana (63%), Bhubaneswar (61%) and Guwahati (57%) in comparison to base year prices in 2007.

Declining Trend: 10 cities have shown decline in prices over the previous quarter with maximum decline observed in Kochi (-12.2%) followed by Bengaluru (-8%), Patna (-7.9%), Surat (-5.3%), Bhopal (-3.3%), Pune (-1.6%), Ahmedabad (-1.8%), Mumbai (1.6%), Lucknow (-0.6%) and Faridabad (-0.5%). 

CITY WISE HOUSING PRICE INDEX (UPDATING UPTO QUARTER JANUARY-MARCH 2012)


CITIES

2007 Index

Jan-June 2008 Index

July- Dec 2008 Index

Jan-June 2009  Index

July-Dec 2009  Index

Jan-Mar 2010 Index

Apr-Jun 2010 Index

July-Sept 2010 Index

Oct-Dec 2010 Index

Jan-Mar 2011 Index

Apr-Jun 2011 Index

Jul-Sept 2011 Index

 

Oct-Dec 2011 Index

 

Jan-Mar 2012 Index

Hyderabad

100

96

92

65

81

81

82

87

87

83

91

84

79

86

Faridabad

100

100

121

139

145

154

152

170

176

165

220

206

218

217

Patna

100

103

100

107

119

127

124

148

146

146

146

141

140

129

Ahmedabad

100

106

100

127

128

113

131

141

164

165

169

163

167

164

Chennai

100

104

95

120

143

164

183

210

214

218

248

271

296

304

Jaipur

100

119

115

71

63

66

61

63

69

67

64

65

64

80

Lucknow

100

103

102

104

119

112

133

148

152

157

160

154

165

164

Pune

100

101

97

103

117

124

135

140

141

148

150

169

184

181

Surat

100

101

98

111

123

109

136

128

133

128

149

139

152

144

Kochi

100

106

95

90

83

79

83

97

101

86

107

97

82

72

Bhopal

100

139

151

139

162

158

153

166

173

167

224

208

211

204

Kolkata

100

114

140

162

185

165

176

191

213

211

194

191

190

191

Mumbai

100

112

117

124

126

134

160

167

173

175

181

194

193

190

Bengaluru

100

73

76

58

59

64

68

74

101

88

92

93

100

92

Delhi

100

124

130

121

113

106

110

115

123

126

147

154

167

168

Bhubaneshwar

100

             

 

161

Guwahati

100

             

 

157

Ludhiana

100

             

 

163

Vijayawada

100

             

 

184

Indore

100

             

 

208

 
 
 
 
 
 
 
 
 
 
 
 
 
33rd CEOs Meeting of HFCs, PSBs and Select RRBs held on 20.042012 - Presentations
 
S No. Topic Given By
1 Key Announcements and Implications of Union Budget 2012-2013

Ms. Renu Karnad, MD, HDFC
2 Key Regulatory Developments and Policy Changes, KYC and Fair Practice Codes, Frauds & Complaints – Status of Compliance

Mr. V Rajan, DGM, NHB
3 Growth in Housing Finance Markets, Quality of Assets and Customer Related Issues

Mr. Anil Sachidanand, CEO, DHFL
4 Development in Credit Information Industry

Mr. Arun Thukral, MD, CIBIL
5 Presentation on Rating Methodologies and Risk Profiling of Individual Borrowers Ms. Vibha Batra, Co-Head – Financial Sector Ratings, ICRA Ltd Mr. V Sriram, COO, IMaCS and Ms. Shalini, AGM- Banking and FS and Consulting, IMaCS
6 Presentation on NHB’s Refinance Policy – Developments and Operational Issues

Mr. Peeyush Pandey, NHB

7 1 % Interest Subvention Scheme

Mr. Jagdish, NHB

8 Uniform Valuation Standards – Way Forward

 

Dr. P S N Rao, SPA
9 Slab-wise Housing Loans

Mr. Lalit Kumar, DGM, NHB
10 NHB RESIDEX – Status and Way Forward

Mr. Niladri Bose, NHB
11 Credit Guarantee Fund Trust under RAY

Ms. Ruchi Vashishth, NHB
12 NHB-APUHF International Conference

Ms. Sonia Bhalla, NHB

 
 
 
 
 
 
NHB RESIDEX – RESIDENTIAL HOUSING PRICE INDEX Quarterly Update October-December, 2011
 

1. Scope and Coverage of the Index

NHB RESIDEX tracks the housing prices in the select 15 cities. The latest Residex is for the quarter October-December 2011. The Residex has been constructed for 15 cities and has taken into account the price trends for residential properties in different locations and zones in each city as per classification devised for the purpose. The classification has been designed so as to give the most representative Index for each city based on the transactions in the market and data collected from various sources. The data are put through a Model that depicts the actual behaviour of the market and throws up the Index. This initiative seeks to provide a better understanding of the trends in the Residential property market and its various nuances. The trends also seek to bring greater transparency in the property market. As the Residex evolves, it is expected to bring greater uniformity and standardisation in the valuation of properties across the industry.

2. Uses of NHB RESIDEX

 The Index also helps the general consumers and property buyers and borrowers in their decision-making by enabling comparisons over time and across cities and localities and the emerging trends. This information has a critical bearing on the credit evaluation by the lenders and assessment of the value (present and potential) of the security against the loan. NHB RESIDEX can be a useful indicator for estimating the value of property to be financed and also for assessing the value of security cover on the outstanding loan. Builders and developers may also benefit from the index by assessing the demand scenario in a locality, and mapping the housing needs in different parts of the country. NHB RESIDEX may be useful to policy makers, banks, housing finance companies, builders, developers, investors and individuals.

3.  Price Movement for the quarter October-December 2011

The movement in prices of residential properties has shown increasing trend in nine cities and decline in five cities covered under NHB RESIDEX during the quarter October-December, 2011 in comparison to the previous quarter. However, the property prices during quarter i.e. October – December 2011, have not witnessed significant fluctuations/corrections due to moderation in demand, real estate firms/construction agencies holding land banks and slow down of launching of new residential projects and/or progress of the existing projects.

Rising Trend: Residential housing prices in 9 cities have shown rise in prices in this quarter ended December, 2011 (October-December, 2011) over the previous quarter ended September, 2011 (July-September, 2011). Maximum increase was observed in Surat (9.4%) followed by Chennai (9.2%), Pune (8.9%), Delhi (8.4%), Bengaluru (7.5%), Lucknow (7.1%), Faridabad (5.8%), Ahmedabad (2.5%) and Bhopal (1.4%).

Declining Trend: 6 cities have shown decline in prices over the previous quarter with maximum decline observed in Kochi (-15.5%) followed by Hyderabad (-6.0%), Jaipur (-1.5%), Patna (-0.7%), Kolkata (-0.5%) and Mumbai (-0.5%).

CITY WISE HOUSING PRICE INDEX

CITY WISE HOUSING PRICE INDEX (UPDATING UPTO QUARTER OCTOBER- DECEMBER 2011)

CITIES

2007 Index

Jan-June 2008 Index

July- Dec 2008 Index

Jan-June 2009  Index

July-Dec 2009  Index

Jan-Mar 2010 Index

Apr-Jun 2010 Index

July-Sept 2010 Index

Oct-Dec 2010 Index

Jan-Mar 2011 Index

Apr-Jun 2011 Index

Jul-Sept 2011 Index

 

Oct-Dec 2011 Index

Hyderabad

100

96

92

65

81

81

82

87

87

83

91

84

79

Faridabad

100

100

121

139

145

154

152

170

176

165

220

206

218

Patna

100

103

100

107

119

127

124

148

146

146

146

141

140

Ahmedabad

100

106

100

127

128

113

131

141

164

165

169

163

167

Chennai

100

104

95

120

143

164

183

210

214

218

248

271

296

Jaipur

100

119

115

71

63

66

61

63

69

67

64

65

64

Lucknow

100

103

102

104

119

112

133

148

152

157

160

154

165

Pune

100

101

97

103

117

124

135

140

141

148

150

169

184

Surat

100

101

98

111

123

109

136

128

133

128

149

139

152

Kochi

100

106

95

90

83

79

83

97

101

86

107

97

82

Bhopal

100

139

151

139

162

158

153

166

173

167

224

208

211

Kolkata

100

114

140

162

185

165

176

191

213

211

194

191

190

Mumbai

100

112

117

124

126

134

160

167

173

175

181

194

193

Bengaluru

100

73

76

58

59

64

68

74

101

88

92

93

100

Delhi

100

124

130

121

113

106

110

115

123

126

147

154

167

 
 
 
R V Verma, CMD, National Housing Bank elected as Chairman of the Advisory Board of APUHF
 

At a Meeting of the Advisory Board of the Asia Pacific Union for Housing Finance (APUHF – a Regional body for Asia/Pacific countries) held in New Delhi on January 31, 2012, R V Verma, Chairman and Managing Director, National Housing Bank was unanimously elected as the Chairman of the APUHF. He succeeds Mr Abdul Qadeer Fitrat, Former Governor, Central Bank of Afghanistan.

The membership of the Advisory Board of the Union was also expanded to include representatives from Indonesia and Mongolia besides the existing members from Pakistan, Bangladesh, Sri Lanka and Thailand.

The meeting of the Advisory Board was also attended by representatives from the World Bank who joined as Special Invitees.

 
 
 
The Report on Trend and Progress of Housing in India, 2011 – an annualpublication of the National Housing Bank, was released by the Hon’bleMinister for Housing and Urban Poverty Alleviation and Union Minister forCulture, Government of India Kumari Selja
 

The Report on Trend and Progress of Housing in India, 2011 – an annual publication of the National Housing Bank, was released by the Hon’ble Minister for Housing and Urban Poverty Alleviation and Union Minister for Culture, Government of India Kumari Selja during the recent International Conference on “Growth with Stability in Affordable Housing Markets” held in New Delhi during January 30-31, 2012.

The Report on Trend and Progress of Housing in India 2011, captures the trend and performance of the sector as also the performance of lending institutions against the backdrop of economic and Policy framework, domestic and global.
 

Kumari Selja, Hon’ble Minister for Housing and Urban Poverty Alleviation and Union Minister for Culture, Government of India alongwith R V Verma, Chairman and Managing Director, NHB, A K Misra, Secretary, MHUPA, Arun Maira, Member, Planning Commission and Deepak S Parekh, Chairman HDFC at the release of NHB Report on Trend & Progress of Housing in India, 2011

 

The Report outlines and analyses the performance of the sector and of the key lending institutions in housing finance viz. Housing Finance Companies, Banks, MFIs, RRBs and cooperative sector institutions on parameters including housing loan portfolio, loan size and geographical spread, loan tenure, quality of assets etc. during the year 2010-11. The Report also outlines the key Policy announcements, regulatory developments, property market trends and the new initiative of “Central Registry”.

The Report has brought out the twin issues of “Scales” and “Affordability” as key challenges in the sector, emphasizing the need for market-based approach as a longer term most sustainable solution. Issues pertaining to land, legislation, urbanization, technology, finance, risk assessment and mitigation tools are some of the issues that the Report has highlighted as key elements in the Policy framework for affordable housing in the country.

The outlook for the housing finance sector is identified as positive, with the development of “market infrastructure”, instruments and institutions playing a key role in expansion and stability of the mortgage market in the country. The Report recognizes the financial sector developments – both global and national – in their potential impact on the real estate and housing finance markets in India.
 
 
 
NHB RESIDEX – Residential Housing Price Index for Quarterly Update of July-September, 2011
 

1. Scope and Coverage of the Index

NHB RESIDEX tracks the housing prices in the select 15 cities. The latest Residex is for the quarter July-September 2011. The Residex has been constructed for 15 cities and has taken into account the price trends for residential properties in different locations and zones in each city as per classification devised for the purpose. The classification has been designed so as to give the most representative Index for each city based on the transactions in the market and data collected from various sources. The data are put through a Model that depicts the actual behaviour of the market and throws up the Index. This initiative seeks to provide a better understanding of the trends in the Residential property market and its various nuances. The trends also seek to bring greater transparency in the property market. As the Residex evolves, it is expected to bring greater uniformity and standardisation in the valuation of properties across the industry.

2. Uses of NHB RESIDEX 

The Index also helps the general consumers and property buyers and borrowers in their decision-making by enabling comparisons over time and across cities and localities and the emerging trends. This information has a critical bearing on the credit evaluation by the lenders and assessment of the value (present and potential) of the security against the loan. NHB RESIDEX can be a useful indicator for estimating the value of property to be financed and also for assessing the value of security cover on the outstanding loan. Builders and developers may also benefit from the index by assessing the demand scenario in a locality, and mapping the housing needs in different parts of the country. NHB RESIDEX may be useful to policy makers, banks, housing finance companies, builders, developers, investors and individuals.

3. Price Movement for the quarter July-September 2011 

The movement in prices of residential properties has shown decreasing trend in nine cities covered under NHB RESIDEX during the quarter July-September, 2011 in comparison to the previous quarter. However, on year-on-year basis, except 2 cities, price movements in all the cities have witnessed increase.

Rising Trend: Residential housing prices in 6 cities have shown rise in prices in this quarter ended September, 2011 (July-September, 2011) over the previous quarter ended June, 2011 (April-June, 2011). The city which has shown the maximum increase is Pune (13%) followed by Chennai (9%), Mumbai (7%), Delhi (5%), Jaipur (2%) and Bengaluru (1%).

Declining Trend: There are 9 cities which have shown decline in prices over the previous quarter with maximum fall shown by Kochi (-9%) followed by Hyderabad (-8%), Bhopal (-7%), Surat (-7%), Faridabad (-6%), Ahmedabad (-4%), Lucknow (-4%), Patna (-3%) and Kolkata (-2%).

CITY WISE HOUSING PRICE INDEX

CITY WISE HOUSING PRICE INDEX (UPDATED UPTO QUARTER JULY- SEPTEMBER 2011)

CITIES

2007 Index

Jan-June 2008 Index

July- Dec 2008 Index

Jan-June 2009  Index

July-Dec 2009  Index

Jan-Mar 2010 Index

Apr-Jun 2010 Index

July-Sept 2010 Index

Oct-Dec 2010 Index

Jan-Mar 2011 Index

Apr-Jun 2011 Index

Jul-Sept 2011 Index

Hyderabad

100

96

92

65

81

81

82

87

87

83

91

84

Faridabad

100

100

121

139

145

154

152

170

176

165

220

206

Patna

100

103

100

107

119

127

124

148

146

146

146

141

Ahmedabad

100

106

100

127

128

113

131

141

164

165

169

163

Chennai

100

104

95

120

143

164

183

210

214

218

248

271

Jaipur

100

119

115

71

63

66

61

63

69

67

64

65

Lucknow

100

103

102

104

119

112

133

148

152

157

160

154

Pune

100

101

97

103

117

124

135

140

141

148

150

169

Surat

100

101

98

111

123

109

136

128

133

128

149

139

Kochi

100

106

95

90

83

79

83

97

101

86

107

97

Bhopal

100

139

151

139

162

158

153

166

173

167

224

208

Kolkata

100

114

140

162

185

165

176

191

213

211

194

191

Mumbai

100

112

117

124

126

134

160

167

173

175

181

194

Bengaluru

100

73

76

58

59

64

68

74

101

88

92

93

Delhi

100

124

130

121

113

106

110

115

123

126

147

154

 
 
 
NHB-CAFRAL Round Table on Housing Finance: The Emerging Contours
 

A Round Table on “ Housing Finance: the Emerging Contours” was convened at New Delhi on 7th October 2011 by National Housing Bank (NHB) in collaboration  with Centre for Advanced Financial Research and Learning (CAFRAL), promoted by RBI. The Conference was chaired by Mrs. Usha Thorat, Director CAFRAL and included participation from Central Government, World Bank, DFID, International Finance Corporation (IFC), Banks, Housing Finance Companies, Micro Finance Institutions, Real Estate Associations, Research Institutions and Builders & Developers and Rating Agencies. The deliberations were held on a number of issues relating to institutions, products, regulations and policies to deal with better access to housing and housing finance with focus on retail housing market. The Conference also deliberated on a number of policy and market issues and Regulation.

The Conclave took into account the recent developments in the housing sector and the role of various agencies and stakeholders in the emerging environment.  The issues relating to affordable housing and low income housing came in for special discussions for identifying the impediments and for exploring solutions.  The role of the Government and public agencies in speedy approvals of housing projects was considered as an important and necessary measure for ensuring efficiency in construction and pricing. While the informal sector population in the urban areas is increasing, the need to develop skills among the lending agencies to appraise such borrowers would be increasingly important.  Fiscal benefits for the lenders as well as construction agencies catering to the low income market would help in scaling up the supply of housing and loans for this segment.  The development of suitable market infrastructure viz. credit bureaus, mortgage guarantee trust fund would also support lending to this segment. 

Other issues that were discussed in the Round Table included the customer-related problems and the need for observing transparency and satisfactory customer service and grievance resolution mechanism on the part of the lenders. The Group also observed that the recent Government initiative of setting up the CERSAI will help prevent frauds and incidence of multiple financing.   The need for developing long-term home loan products on fixed rate basis was also deliberated at length as an option and choice to the borrowers.  While recognising that the there is adequate credit flow to this sector, it was highlighted that the low income borrowers in the formal and informal market are still not being reached.  The reasons for low penetration in this market segment were discussed, which include the high risk perception of the lenders, absence of satisfactory land titling and security for the loans, lack of credit enhancement products viz. mortgage insurance/guarantee, identification of demand etc, and absence of risk-hedging products such as Interest Rate Swaps.

The deliberations also included ways and means to promote efficiency and stability in the market along with expansion.  Low income housing as a means for financial inclusion was also emphasised at the Round Table.  A viable and sustainable business model for construction and supply of low income housing was discussed at length and the practitioners' views were presented. The recommendations included single window clearance for affordable housing, incentives to builders and financial institutions to promote affordable housing, adequate housing infrastructure, designing of housing finance products for people in informal sector, builder ratings, etc.  The need for real estate regulation to bring about greater transparency and credibility in the industry and as a measure to protect consumer interests was emphasised in the meeting.

There were also deliberations on suitable suggested modifications to existing government Schemes like Interest Subsidy for Housing the Urban Poor (ISHUP), Affordable Housing in Partnership, decentralized decision making with local community led involvement and the role of government in providing infrastructure.

The Inaugural Session concluded with the panel recognizing the following issues in the real estate viz. housing sector:

  • The Builders proposed that the provision of providing Bank Guarantee of 5% project Cost required to be submitted by them before starting the sale of the houses should be removed.
  • The Housing Finance Companies (HFCs) should be allowed to raise funds through external commercial borrowings.
  • Housing should be made part of infrastructure industry to enable housing finance institutions to raise long term funds.
  • Incentives should be provided for low cost housing projects.
  • Environmentally sustainable housing should be promoted.
  • Mortgage Insurance is required to boost housing finance in Tier II and Tier III cities.
  • Approvals for Housing projects should be quickened.
  • Construction industry for housing should convert from building on the site to offsite manufacturing and assembling on the site.

The Session on “Evolution of the housing sector in policy framework relating to the sector - Key challenges in the next decade” concluded with the panel recognizing the following challenges in the housing sector:

  • Banking sector can induce greater discipline among builders to help the consumers get better product and services.
  • Financing Institutions should impose the discipline on the builders to ensure conformity with the building design and approved plan.
  • One of the main reasons for builders delaying completion of housing projects was delay in getting all the approvals from government authorities. 
  • Currently, there was no system for checking the quality of houses provided by the builders, such as building materials, technology etc.
  • Discipline among builders is possible only by regulation and grading of builders.
  • Two important industries namely home inspection industry, who certify the quality of house, and the mortgage insurance industry that protect the lenders from default are important institutional mechanisms that can make a huge difference to the market. These two industries will enable consumer getting quality houses and affordable finance.

In the session on “Housing Finance – Institutions, Markets and Products – Gaps and Opportunities” the panel made the following observations:

  • Mortgage guarantee products should be designed in a manner to support affordable housing,
  • Possibility of banks/HFCs making prepayment charges flexible based on their actual loss or gain on this account.
  • Risk management practices and hedging products could be used by lending institutions to take care of inherent mismatches in lending for housing.

In the session on “Affordable Housing – Way Ahead” the panel observed the following:

  • Improving the ISHUP Scheme to make it acceptable for both the bankers and beneficiaries.
  • To create an enabling environment for the housing sector.
  • Administration of subsidy directly to beneficiaries being a costly affair and leading to leakages, subsidy amount could be used to create adequate housing related infrastructure around affordable housing projects or to lower the refinance rates. 
  • For affordable housing, affordable price of land was very important; high price of land was a hindrance in promoting affordable housing.
  • In the US market, developers of affordable housing projects get tax incentives and similar tax relief in India would help in promoting affordable housing. 

The proceedings of the Round Table were summarized with the following takeaway points:

  1. Huge amount of work was to be done in terms of reforms in law related to rent control, Urban Land Ceiling, property rights, real estate regulation bill etc.
  2. One of the important requirements was a Real Estate Regulator to address consumer grievance and regulate the real estate market.
  3. To promote affordable housing, incentives were required both to developers and housing finance institutions.
  4. Tax issues of developers needed to be addressed to make housing affordable.
  5. Supporting infrastructure like credit bureau, rating of developers, collection and dissemination of housing data etc needs to be developed.
  6. Affordability was linked to connectivity between residential area and work place. Hence, affordable housing projects should have good connectivity.
  7. Housing activity was indicator of economic development activity and strong policy initiatives were required for the sector.
  8. Risk and frauds in housing sector should be addressed through appropriate regulations.
  9. Customer should have choice on type of interest rates. Risk management practices, refinance and derivative products should be used to offer fair deals to customers.
  10. Mortgage guarantee products could free up capital and enable growth with stability.
  11. There is huge opportunity in the affordable housing segment and this need to be tapped.
  12. The role of government should be to create enabling policy environment and provide adequate infrastructure.
  13. Decision making on housing sector should be decentralized and local community should be involved.
  14. ISHUP scheme should be suitably modified for better success.

 
Inaugural Session: Shri Deepak Parekh, Chairman, HDFC; Shri R.V.Verma, CMD, NHB; Ms Usha Thorat, Director, CAFRAL and Shri Chandan Sinha, RD, RBI   Discussions in Round Table on “Housing Finance: the Emerging Contours”
     
 
From left Shri R.V.Verma, Ms Usha Thorat, Shri Deepak Parekh and Shri Chandan Sinha   From left Mr. Alok Prasad, CEO MFIN India; Mr. Arnab Roy, ED of NHB; Ms Usha Thorat; Ms. Jayashree Vyas, MD SEWA Bank; Ms. Anuradha Rao, GM, State Bank of India and Mr. V S Rangan, ED, HDFC Ltd.
     
 
From left Mr. Sanjeev Srivastva, Managing Director, ASSOTECH Builders, Mr. Rajeev Sabharwal, Executive Director, ICICI Bank, Ms Usha Thorat, Mr. O P Mathur, NIUA, Ms Aruna Sundararajan, JS, MHUPA and Mr. Srinivas Acharya MD, Sundram BNP Paribas Home Finance Ltd.   From left Mr. Ashish Karamchandani of Monitor Group, Mr. Madhusudan Menon, Director, Micro Housing Finance Corp Ltd and Mr. Anil Sachidanand, CEO Dewan Housing Finance Ltd (DHFL).
 
 
Habitainment Quiz 2011- September 29, 2011
 

The United Nations has designated the first Monday of October every year as World Habitat Day.  This year, World Habitat Day is being celebrated on 3 October 2011 and the theme for this year’s World Habitat Day is Cities and Climate Change.

As a part of the World Habitat celebrations, the National Housing Bank (NHB) jointly with India Habitat Centre, organized the “Habitainment Quiz 2011” on September 28, 2011 for the institutional and individual members of the India Habitat Centre. More than 100 teams from various institutions participated in the contest. The event was inaugurated by Shri R V Verma, Chairman and Managing Director, NHB and Shri Raj Liberhan, Director, IHC and hosted by Rajiv Makhni. The theme of the Quiz also reflected the theme of the World habitat day viz. Cities and Climate Change.

R. V. Verma, CMD, NHB and Raj Liberhan, Director, IHC with the TERI team, the winners of the Habitainment Quiz, 2011
 
 
Interface of Financial Intelligence Unit-India (FIU-IND) with Housing Finance Companies, September 29, 2011
 

Housing Finance Companies have certain obligations under the Prevention of Money Laundering Act, 2002 (PMLA) including reporting of large cash and suspicious transactions to FIU-IND as Cash Transaction Report (CTR) and Suspicious Transaction Report (STR).

To sensitize the registered Housing Finance Companies about the importance and development in the area of PMLA and to review their compliance of Know your customer Guidelines/Anti Money laundering norms,  National Housing Bank organized interface session for the Principal Officers of Registered Housing Finance Companies based in Northern, North East and in Eastern region in their Head office on September, 28, 2011.  

Shri  R.V. Verma, CMD, NHB in his inaugural remarks explained the rationale behind KYC/PMLA in the backdrop of the global concern regarding money Laundering and financing of terrorism.

Shri Rajendra Singh, Addl. Director, FIU-IND and Shri Pankaj Rajbanshi, Deputy Director, FIU-IND addressed the participants about the requirement under PMLA. They also expressed  concern in the area of money laundering and legal obligations of reporting suspicious transactions of HFCs  and also  Stressed the need for every HFC to have a structured mechanism in place for monitoring, filtering and reporting of suspicious transactions.

In his closing remarks, General Manager, R S Garg, NHB advised the HFCs to ensure strict compliance of Know your customer Guidelines/Anti Money laundering norms not only because of requirement under law but also to safeguard their business operations.
 
Mr R V Verma, CMD, National Housing Bank addressing the Principal Officers in the Interface session of FIU-IND with HFCs at its Head Office at New Delhi
 
 
 
 
Review Meeting on ISHUP and 1% Interest Subvention Scheme by National Housing Bank, July 21st, 2011
 

The National Housing Bank convened a review meeting of the ISHUP and the 1% Interest Subvention Scheme on July 21, 2011 at New Delhi. The objective of the meeting was to review the progress under both the Schemes and also obtain feedback from the implementing institutions on various aspects of the Schemes. The meeting was chaired by Chairman and Managing Director, National Housing Bank. Besides, JS(H), MHUPA, Director (IF), MoF, CMD, HUDCO and other senior officials of NHB and HUDCO presided over the deliberations.

The participants in the review meeting included select State Nodal Agencies/SLBC Convenors, State Government and State Government agencies, Banks and Housing Finance Institutions.

 
from left Shri Arnab Roy, ED, NHB; Shri S.K. Singh, JS (H), M/HUPA; Shri R.V.Verma, CMD, NHB; Shri V.P. Baligar, CMD, HUDCO and Dr. Tarsemchand, Director, DFS, MoF.
 
 
 
 
Annual Financial Results of the National Housing Bank for the Quarter ended June 30th, 2011
 

National Housing Bank (NHB), the apex housing finance institution, announced its annual results for the financial year ended 30th June 2010. The Bank posted Net Profit of Rs. 280 crores and Gross Loans and Advances of Rs.19,837 crores. 100% collection efficiency was maintained during the year, with ‘Nil’ Gross NPAs and Net NPAs. The Bank made a total loan disbursement of Rs. 8,160 crores, out of which rural housing share was 43%, amounting to Rs.3,696 crores. Disbursements during the year resulted in additional 1.83 lakh units. Average loan size was Rs.4.45 lakhs.

NHB has played a key role in developing the institutional framework for housing finance system in the country. The strategic intent of NHB is directed towards development of low and moderate income housing market and secondary mortgage market. This will be built upon the strength and depth of the primary mortgage market. The Bank’s strategic intervention will include financial, promotional and institution-building initiatives and measures.

To cater to the needs of Senior Citizens, NHB conceptualized and has introduced the Reverse Mortgage Loan. During the year, NHB further improved upon the facilities, by introducing Annuity-enabled product to the Reverse Mortgage Loan Scheme. The new product has banking and insurance elements in it.

NHB’s residential property price index, titled NHB RESIDEX, designed to capture the price movements in residential properties in a comprehensive manner, has been extended from 5 cities to 15 cities, and from half-yearly to quarterly updation.

NHB also launched ‘NHB Housing Info India’ as a portal for information on housing and housing finance in India for its users. It will be further scaled up to act as a complete repository of information.

NHB will focus on inclusive housing and housing finance for low and moderate income households in urban and rural areas of the country. NHB has also forayed into Housing Microfinance market and has sanctioned financial assistance to 23 MFIs amounting to Rs. 83 crores, across a number of States, in all regions of the country.

During the year, 10 new Housing Finance Companies (HFCs) were granted registration by NHB, taking the total to 52 HFCs. The HFCs, during the year continued to show steady growth with combined loans and advances at Rs.2,04,921 crores as on 31-03-2010. The combined net NPAs was at Rs.1,438 crores as on 31-03-2010, down from Rs.2,118 crores as on 31-03-2009.
 
 
 
 
Dr. D. Subbarao, Governor, Reserve Bank of India handing over Rajbhasha Prize to Shri R.V. Verma, CMD, National Housing Bank on June 1st, 2011
 

Dr. D. Subbarao, Governor, Reserve Bank of India handing over Rajbhasha Prize to Shri R.V. Verma, CMD, National Housing Bank in the presence of Shri K.C. Chakrabarty, Deputy Governor, Reserve Bank of India at Reserve Bank of India Rajbhasha Prize Distribution Function.

 
 
 
 
National Housing Bank-Monitor India Meet on Customer Insights on Low Income Housing, May 11th, 2011
 

RV Verma, CMD National Housing Bank addressed the meet on ‘Customer Insights on Low Income Housing’, organized by the National Housing Bank and Monitor India. Also seen in the picture are Ashish Karamchandani, Monitor India; VK Badami, NHB and Michael Markal, World Bank.

 
 
 
 
NHB RESIDEX – Residential Housing Price Index for Quarterly Update of October - December, 2010 on May 02, 2011
 

1. Scope and Coverage of the Index

NHB RESIDEX is covering only the residential properties. NHB RESIDEX is a step in the direction of building up a large and reliable database of housing prices and related information on housing and housing finance. The Initiative, as it evolves will seek to bring greater transparency in the property market.

2. Uses of NHB RESIDEX 

The index will also aid the home buyers in their purchase decisions by enabling comparison between cities, between the localities in the same city and comparison of a price rise in a particular city and localities, over time. One of the major considerations in housing finance is the proper assessment of the value of property which is being financed. This information has a critical bearing on the credit evaluation and assessment of the quality of the security against the loan. NHB RESIDEX can be a useful indicator to estimate the value of property to be financed and also assess the adequacy of security cover on the outstanding loan. Observers can also identify the potential markets from the movements of the NHB RESIDEX at the city level. Builders and developers may also benefit from the index by assessing the demand scenario in a locality, and mapping the housing needs in different parts of the country. NHB RESIDEX may be useful to policy makers, banks, housing finance companies, builders, developers, investors and individuals.

3. NHB RESIDEX 

The movement in prices of residential properties has shown an upward trend in the 15 cities covered under NHB RESIDEX in October – December, 2010. Residential housing prices in 13 cities have shown an increasing trend in this quarter ended December, 2010 (Oct-Dec, 2010) over the previous quarter ended September, 2010 (July-Sept, 2010). They are Bengaluru (36%), Ahmedabad (16%), Kolkata (11%), Jaipur (10%), Delhi (8%), Bhopal (4%), Mumbai (4%), Faridabad (3%), Kochi (3%), Lucknow (3%), Surat (3%), Chennai (2%) and Pune (1%). Bengaluru (36%) has shown the maximum increase followed by Ahmedabad (16%) and Kolkata (11%) respectively. There are 2 cities which have shown correction in prices over the previous quarter and they are Hyderabad (-1%) and Patna (-1%). Prices have nearly been the same in 3 cities showing +/- 1% change in prices and they are Pune (1%), Hyderabad (-1%) and  Patna  (-1%).
In Bangalore, the city has recorded a growth for a number of reasons:

  1. The city is driven by the IT and ITeS markets which have shown robust growth.
  2. Other sectors such as manufacturing and BFSI have also grown in the city.
  3. The city’s real estate has grown to accommodate affordable or relatively affordable properties across the city and these have shown robust growth.
  4. New airport and peripheral economic development hubs have resulted in large tracts of land for real estate development.

In Ahmedabad, residential market is witnessing significant growth by the expanding job market and growing interest in this investment friendly city from both national as well as international players. The growth rate of localities is higher because of availability of easy transportation, nearby market and good quality of construction with all essential facilities.

In Kolkata, Baranagar registered rise in value mainly on account of proposed metro station. Maheshtala and Madhyam Gram have registered increase in price due to launch of new projects in the affordable as well premium segments. Rajpur Sonarpur has registered rise in value due to new projects in the locality.

CITY WISE HOUSING PRICE INDEX

CITIES

2007 Index

Jan-June 2008 Index

July- Dec 2008 Index

Jan-June 2009  Index

July-Dec 2009  Index

Jan-Mar 2010
Index

Apr-Jun 2010 Index

July-Sep 2010 (P) Index

Jul-Sep 2010 Index

Oct-Dec 2010 Index

Hyderabad

100

96

92

65

81

81

82

88

87

87

Faridabad

100

100

121

139

145

154

152

146

170

176

Patna

100

103

100

107

119

127

124

124

148

146

Ahmedabad

100

106

100

127

128

113

131

127

141

164

Chennai

100

104

95

120

143

164

183

204

210

214

Jaipur

100

119

115

71

63

66

61

66

63

69

Lucknow

100

103

102

104

119

112

133

116

148

152

Pune

100

101

97

103

117

124

135

145

140

141

Surat

100

101

98

111

123

109

136

107

128

133

Kochi

100

106

95

90

83

79

83

80

97

101

Bhopal

100

139

151

139

162

158

153

142

166

173

Kolkata

100

114

140

162

185

165

176

171

191

213

Mumbai

100

112

117

124

126

134

160

160

167

173

Bengaluru

100

73

76

58

59

64

68

70

74

101

Delhi

100

124

130

121

113

106

110

108

115

123

(P) – Indices for the quarter July - September, 2010 have been revised based on actual transaction price data. The revised indices are given in the next column.

 
 
 
Minister of Housing from Republic of Indonesia, H.E. Suharso Monoarfa and delegates visit National Housing Bank , New Delhi, April 25th, 2011
 

Shri R.V. Verma, CMD NHB welcomes Hon’ble Minister of Housing, Republic of Indonesia, H.E. Suharso Monoarfa and delegates at National Housing Bank headquarters, New Delhi on 25 April 2011.

 
 
 
 
NHB Conferred Financial Inclusion Award for Rural Housing Finance, January 05th, 2011
 

The SKOCH award for Financial Inclusion 2011 was conferred on National Housing Bank for rural housing. The two dedicated Schemes of NHB viz. Golden Jubilee Rural Housing Finance Scheme, a market based Scheme and Rural Housing Fund, a subsidy based Scheme for the weaker sections have expanded the scope of rural housing credit in the country and have resulted in improved institutional depth in providing housing credit delivery in rural areas.

 
 
 
 
NHB Signs Agreement with KfW, Germany for Promoting Energy Efficient Housing on December 31st, 2010
 

The National Housing Bank (NHB) executed an Agreement with KfW, Germany (the development Bank of Germany) to promote energy efficient housing in India. The Agreement was signed between the two agencies at New Delhi on December 31, 2010 under which NHB will borrow an amount of EURO 50 million comprising EURO 12 million under concessional IDA window and balance EURO 38 million under the normal window.

 
 
 
 
Reverse Mortgage Loan Counselling Centre Inaugurated in Ahmedabad on December 23, 2010
 

The National Housing Bank (NHB) in association with HelpAge India today, launched the first Reverse Mortgage Loan (RML) Counseling Centre in Ahmedabad. This is the 8th RML Counseling Centre established by NHB in association with HelpAge India and other industry partners.

NHB had conceptualized and introduced the Reverse Mortgage Loan (RML) for supplementing the financial requirements of the Senior Citizens in the country. The Reverse Mortgage Loan enabled Annuity (RMLeA) Scheme provides for periodic payments to Senior Citizens for their entire life. As per information made available to NHB, a total of 7436 accounts amounting to rupee symbol download, indian currency symbol1507 crores have been sanctioned under the RML Scheme and a total of 60 accounts worth rupee symbol download, indian currency symbol22 crores have been sanctioned under the new RMLeA Scheme.

To mark the launch of the RML Counseling Centre, NHB organized a seminar for the Senior Citizens at Ahmedabad Management Association, today. The Seminar was inaugurated by Smt Jayshree Vyas, Managing Director, SEWA Bank and Prof. Errol D’Souza, IIM-Ahmedabad. Other dignitaries present at the Seminar included Shri V C Verma, Director, Ministry of Social Justice, Government of Gujarat, Shri P R Jaishankar, Assistant General Manager, NHB, Shri J K Khant, AGM-Representative Office, Ahmedabad, NHB and Shri Harvinder Bakshi, National Director, HelpAge India.

Being the nodal agency of RML, NHB is playing a catalytic and a facilitating role in promoting the Scheme and in awareness building among the Senior Citizens. For the purpose, NHB has already established seven RML Counseling Centres in association at Bengaluru, Chennai, Chandigarh, Hyderabad, Kolkata and New Delhi (2 centres). The Bank is also in the process expanding it further to cover wider geographic reach. Further, NHB conducts seminars/conferences on a regular basis for executives of lending institutions for capacity building and for senior citizens for spreading awareness about the Scheme.
 
 
 
 
Release of NHB’s Award Winning Essays on October 04th , 2010
 

The release of NHB’s publication (Award Winning Essays) on the occasion of the World Habitat Day Celebration 2010 was celebrated in presence of Ministry of Housing and Urban Poverty Alleviation and Tourism on October 04, 2010.

 
Hon’ble Minister of Housing & Urban Poverty Alleviation and Tourism Kumari Selja along with Shri S.K. Singh, Joint Secretary, MHUPA; Shri R.V. Verma, CMD, NHB; Smt. Kiran Dhingra, Secretary, MHUPA and Dr. P.K. Mohanty, Additional Secretary, MHUPA releasing NHB’s Publication (Award Winning Essays) on the occasion of World Habitat Day 2010
 
 
Government of India jointly with National Housing Bank (NHB) convened a Meeting of State Level Bankers' Committee (SLBC) Convenor Banks from all States on June 8, 2010
 

Ministry of Housing & Urban Poverty Alleviation, Government of India jointly with National Housing Bank (NHB) convened a Meeting of State Level Bankers' Committee (SLBC) Convenor Banks from all States on June 8, 2010 to review the progress under Interest Subsidy Scheme for Housing the Urban Poor (ISHUP). Shri S.K.Singh, Joint Secretary to the Government of India, MoHUPA is addressing the participants. Sharing the dias are Shri R.V.Verma, Executive Director, National Housing Bank and Shri V.K.Badami, GM, NHB. The deliberations resulted in better understanding of various operational issues among the implementing banks for speedier implementation of the Scheme.

 
 
 
 
 

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