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

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

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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.