Report on Trend and Progress of Housing in India 2014 83 Report on Trend and Progress of Housing in India 2014 84 List of Chapters Page No. Contents No. 1 Current Macro and Micro Economic Condition and Status of Indian Economy 1.1 Global Economy Outlook 91 1.2 Indian Economy 94 1.3 Indian Economy: Prospects for FY 2014-15 96 1.4 NHB RESIDEX: The Residential Property Price Index 97 2 Overview of the Indian Housing Sector 2.1 Importance of Housing 100 2.2 Issues Concerning Housing in India 102 2.3 The Indian Housing Finance Market 103 3 Policy Environment for Housing and Housing Finance 3.1 Concept of Affordable Housing 107 3.2 The Role of Different Agencies towards Affordable Housing 107 3.3 Recent Housing Schemes Implemented by the Government of India 109 3.4 Select State Level Initiatives in Housing 113 4 Role of National Housing Bank 4.1 Role of National Housing Bank 120 4.2 Performance of National Housing Bank (July 01-June 30) 122 4.3 Resource Mobilization 123 4.4 Refinance Operations 125 4.5 Sanctions and Disbursements through Direct Finance 132 4.6 Regulation and Supervision 133 4.7 Promotion and Development 134 4.8 Capacity Building 138 5 Operations and Performance of Housing Finance Institutions 5.1 Number of Housing Finance Companies 141 5.2 Financial Profile of HFCs 142 5.3 Key Performance Indicators of HFCs 143 5.4 Borrowing Profile of HFCs 145 5.5 Public Deposits with HFCs 145 5.6 Asset Profile of HFCs 147 5.7 Disbursements of Housing Loans by HFCs, based on type of Borrowings 148 6 Institutional Performance viz-a-viz Housing Finance 6.1 Categories of Institutions Providing Housing Finance 156 6.2 Scheduled Commercial Banks and their Performance in Housing Finance 156 6.3 The National Co-operative Housing Federation of India 159 6.4 Microfinance Institutions 161 7 Area of Focus: Sustainable Energy Efficient Housing 7.1 Introduction 162 7.2 Energy Consumption in Residential Buildings 163 7.3 Towards achieving energy efficiency 164 7.4 Steps taken by National Housing Bank 166 7.5 Benefits to Various Stakeholders Under the Programme 167 7.6 Building Energy Efficiency 167 8 Way Forward 170 85 Report on Trend and Progress of Housing in India 2014 List of Tables No. Contents Page No. 1 Overview of the World Economic Outlook Projections 92 2 Quarterly Estimate of GDP at Factor Cost in Q1 (April-June) of 2014-15 (at 2004- 95 05 prices) 3 City-wise Housing Price Index for the quarterApril-June, 2014 99 4 Estimated Housing Shortage in India : 2012-2017 100 5 Financial Highlights for the last SixYears 122 6 Income expenditure and profitability trend in the last four years 122 7 Total Outstanding Borrowing as on June 30, 2014 123 8 Refinance Sanctions and Disbursements for the years 2012-13 125 9 PLI -wise break-up of Cumulative Disbursements as on June 30, 2014 126 10 Trend in NHB's Refinance Disbursements between 1999 and 2014 127 11 The tenure-wise breakup of disbursements during 2012-13 and 2013-14 128 12 Disbursements made during 2013-14 and outstanding as on 30.06.2014 based on 128 type of interest rate 13 Break-up of refinance disbursements in 2013-14, on the based of size of underlying 128 individual housing loans 14 Area-wise trend in Refinance disbursed against the Individual Housing Loans 129 between 2009 and 2014. 15 Scheme-wise trend in Disbursements under NHB's Refinance between 2011 and 2014 129 16 Trend in Refinance Disbursements made to different categories of Primary 129 Lending Institutions between 2009 and 2014 17 Trend in disbursements made by NHB under Energy Efficient Housing Refinance 131 Scheme 18 Trend in allocation and utilization of RHF 131 19 Allocation and utilization of UHF 132 20 Trend in Project Finance Disbursements made by NHB between 2002 and 2014 133 21 NPV subsidy disbussed by NHB between 2009 and 2014, under ISHUP 135 22 Disbursement of subsidy to PLIs, under 1% Interest Subvention Scheme between 135 2010 and 2013 23 State-wise and income group-wise bifurcation of EWS and LIG loan accounts 136 against which the Trust has made the Guarantee cover to MLIs 24 Trend in performance of GJRHFS, since inception 137 25 Trainings conducted by NHB in 2013-14 139 26 Trend in Key Financial Indicators of HFCs for the last three years 142 27 Trend in Performance of Public and Private Ltd. HFCs for the last three years 143 28 Trend in Performance of Public Deposit accepting HFCs with Non-accepting 144 HFCs for the last three years 29 Trend in Performance of Sponsored HFCs with other HFCs for the last three years 144 30 Trend in Composition of Borrowings of HFCs for the last three years 145 31 Trend in Outstanding Loans & Advances, and Investments of HFCs for the last 147 three years 32 Comparison of Housing Loans with Total Loans of HFCs 148 33 Trend in Disbursements of Housing Loans of HFCs to individuals for the last three 150 years Acquisition/Construction of New Houses 86 34 Trend in Disbursements of Housing Loans by HFCs to Individuals for the last three 150 years Upgradation (including major repairs) 35 Trend in Disbursements of Housing Loans by HFCs to Individuals for the last three 150 years Acquisition of Old/Existing Houses (Resale) 36 Trend in Total Disbursements of Housing Loans by HFCs to Individuals for the last 151 three years 37 Disbursements of Housing Loans by HFCs to Individuals in 2013-14, as per 151 Income Category 38 Trend in HFCs Housing Loan distursements in different States/UTs, as per Urban 152 and Rural Categories 39 Trend in Outstanding Housing Loans of SCBs for the last two years 157 40 Area-wise Outstanding Housing Loans of SCBs, as on March 31, 2013 157 41 Classification of outstanding Housing Loans of SCBs, as per Rate of Interest 158 42 Comparison of PSBs Housing Loans for the last two years 158 43 Trend in Slab-wise Housing Loans of PSBs for the last two years 159 44 Trend in Borrowings, Sanctions and Disbursements of Apex Cooperative Housing 160 Federations (Cumulative) for the last three years 45 Trend in Housing Loans Disbursed and Units Constructed byACHFs : (State-wise) 160 for the last three years List of Graphs No. Contents Page No. 1 Asia-Changes in Real GDP at Market Prices 91 2 Inflation rate in India as per Consumers Price Index (CPI) 94 3 Projection of Growth of Urban Population in India 101 4 Share of outstanding borrowing of NHB as on June 30, 2014 123 5 Refinance Sanctions for the years 2012-13 and 2013-14 125 6 Refinance Disbursements for the years 2012-13 and 2013-14 126 7 PLI -wise break-up of cumulative disbursements as on June 30, 2014 126 8 Trend in NHB's refinance disbursements, between 1999 and 2014 127 9 Trend in refinance disbursements made to different categories of primary lending 130 institutions between 2009 and 2014 10 Trend in performance of GJRHFS, since inception 137 11 Classification of Registered Housing Finance Companies 141 12 State/ Union Territory-wise Branches/Offices of Registered HFCs 141 13 Trend in Outstanding Resources of HFCs for the last three years 142 14 Trend in OutstandingAssets of HFCs for the last three years 143 15 Trend in Size-wise Public Deposits of HFCs for the last three years 146 16 Trend in Interest rate-wise Public Deposits of HFCs for the last three years 146 17 Trend in Maturity-wise Public Deposits of HFCs for the last three years 147 18 Trend in Maturity-pattern of Outstanding Housing Loans to Individuals by HFCs 148 19 Trend in Disbursements of Housing Loans by HFCs for the last three years, based 149 on Category of the Borrowers. 20 Trend in Disbursements of Housing Loans to Individuals by HFCs for the last 149 three years, based on purpose of utilization. 87 Report on Trend and Progress of Housing in India 2014 21 Trend in Outstanding Housing Loans of PSBs 159 22 Trend in Consumption of Electricity in India 162 23 Sector-wise Consumption of Electricity (Utilities) during 2012-13 163 24 Future trend of building sector in India 163 List of Box Items No. Contents Page No. 1 Excerpts from the Economic Survey 2014-15 97 2 Study on Impact of Investments in the Housing Sector on GDP and Employment 102 in the Indian Economy 3 Report on "Scaling Up Housing Microfinance" by NHB in collaboration with 106 IFMR Capital and DFID, UK. 4 Announcements related to Housing Sector in the Union Budget 2014-15 109 5 Grievance Registration and Information Database System (GRIDS) 134 6 Design Guidelines for Energy-efficient Multi-storey Residential Buildings by 168 BEE -Recommendations on energy-efficiency features for consideration at the design stage of multi-storey residential buildings List of Pictures No. Contents Page No. 1 NHB's Financial Performance at a Glance 122 2A Trend in HFCs Disbursements of Housing Loans to Individuals 153 3A Trend in HFCs Outstanding Housing Loans to Individuals 153 2B Trend in HFCs Disbursements of Housing Loans to Builders 154 3B Trend in HFCs Outstanding Housing Loans to Builders 154 4 Trend in HFCs Disbursements of Housing Loans Acquisition/ Construction of 155 New Houses to Individuals 88 eks- eqLrQk v/;{k ,oa izcU/k funs'kd Mohammad Mustafa Chairman & Managing Director NHB (ND)/ CMD /3985 /2015 April 22, 2015 The Finance Secretary Government of India Ministry of Finance North Block New Delhi- 110001 Letter of Transmittal Dear Sir, In pursuance of provision of Section 42 of National Housing Bank Act, 1987, I have pleasure in transmitting herewith a copy of the 'Report on Trend & Progress of Housing in India' 2014.