state of the housing and housing finance sector in 2012-13

Report
35th Meeting of the Chief Executives of HFCs, PSBs and
RRBs
May 31, 2013
Contents
 Housing Sector in India
 Performance of Primary Lending
Institutions (PLIs)- FY 2012-13
 NHB in FY 2012-13
 Future Outlook
2
Housing Sector in India
 Increase in construction activities with active participation of
private sector
 Continued to be served significantly by specialized HFCs &
Scheduled Commercial Banks
 Availability of customized and multiple loan products
 Proactive and Risk based Regulation
 Effective recovery mechanism resulting in containment of NPAs
compared to other sectors of the economy
 Mortgage Penetration at 9% of GDP compared to 5-6% earlier
Housing Shortage estimated for urban India at 18.78 Million
& rural India at 43.67 million wherein 90% shortage is for Below
Poverty Line and EWS/LIG segments
Performance of 47 Scheduled
Commercial Banks in FY 2012-13
Amount in crore
Details
Feb 2012
Feb 2013
Y-o-Y
Variation
(in %age)
Gross Bank Credit
41,82,000
48,35,600
15.6
Housing
Loans
(Priority & Non
Priority)
Out
of
which
Housing
Loans
(Priority)
Housing loan as a
per cent of Gross
Bank Credit
3,96,100
4,53,300
14.4
2,57,200
2,64,700
2.9
9.48 %
9.38 %
-0.10
* Source: RBI-Sectoral Deployment of Bank credit
Performance of Major 19 PSBs in
FY 2012-13
Amount in
crore
FY 2011-12
FY 2012-13
Growth
48,590
2,30,632
61,675
2,63,469
26.95 %
14.23 %
Housing Loans
Total Disbursement
Total Outstanding
Slab-wise Housing Loan of 19 Major PSBs in FY 2012-13
Disbursed
Upto Rs. 2 Lac
Above Rs. 2 Lac - 5 Lac
Above Rs. 5 Lac - 10 Lac
Above Rs.10 Lac - 25 Lac
Above Rs.25 Lac
TOTAL
Outstanding
% NPA
2770
3390
5015
29951
10.52
3.61
9112
25606
20797
61675
57030
101330
70143
263469
2.14
0.91
0.75
1.71
Performance of 57 HFCs in FY 2012-13
Amount in
Parameters
Housing
Loans
Other Loans
crore
Total
Loans Sanctioned
40314
17564
57878
Loans Disbursed
32713
12650
45362
2,85,711
1,01,333
3,87,044
Loans Outstanding
(As on March 31,2013)
Housings loans as percentage
to total loans and advances
GNPA percentage as a total of
loan outstanding
73.81%
1.09 %
NHB – Performance Highlights :2012-13
(upto 31st March 2013)
 Cumulative Refinance Disbursements crossed Rs. 1 lakh crore
 Disbursed Rs. 15750 crore under its various refinance
schemes in FY 2012-13. Of this, Rural areas accounted for
43% and loans below Rs. 15 lakh accounted for 75.63%.
 A total of Rs. 4000 crore has been allotted under RHF in FY
2012-13 of which Rs. 3224.62 crore have been disbursed upto
31st March 2013 covering more than 1 lakh housing units.
 Under its Housing Micro Finance (HMF) programme, 40210
housing units located both in urban and rural areas have
been financed through MFIs.
NHB – Performance Highlights…Contd.
 NHB, as a Central Nodal Agency for ISHUP, a scheme of
MoHUPA, has disbursed subsidy claims amounting to Rs.
7.85 crore covering 8885 beneficiaries across 8 states
 In 2012-13, NHB as a Nodal Agency for 1 % Interest Subvention
Scheme , has disbursed Rs.380 crore upto 31st Mar, 2013 to
banks & HFCs
 NHB will be managing the CRGFTLIH set up by MoHUPA, GOI
and GRGFS as notified by GOI. 31 MLIs have signed MoU.
 For the benefit and use of all stake holders of the housing
industry, NHB has been releasing Residential Price Index
known as NHB-Residex since 2007. The Index is released on
quarterly basis and now covers 26 cities. The latest Index
released is for January-March 2013.
Refinance Disbursements by NHB in
FY 2012-13 (as on 31-3- 2013)
Institution Category
Amount in
crore
Regular
Scheme
RHF
GJRHRS
Total
Housing Finance Companies
2900
1302
1865
6067
Scheduled Commercial Banks
6007
1802
1650
9459
Regional Rural Banks
103
120
-
223
-
-
-
-
9010
3224
3515
Cooperative Sector
Total

15749
42.79 % of the total disbursement was towards RHF and GJRHFS
Rural Housing Fund
 Total Allocation (for the period 01.07.2012 to 30.06.2013):
4000 crore
 Total Utilization (Till March 31, 2013):
3224 crore
 Total Dwelling units constructed (Till March 31, 2013): 1,06,795 units
Amount in
crore
Rural Housing Fund - Allocation & Utilization
Year
Allocation
1st July 2012 to
31st March 2013
4000
HFCs
SCBs
1302
1802
Utilization
Institution Category
RRBs
Total
120
3224
No.
Units
1,06,795
of
Golden Jubilee Rural Housing
Finance Scheme (GJRHFS)
 NHB Roles:
1. Monitoring of the scheme by setting annual targets and encouraging the
PLIs to fund under the scheme
2. Sending information to the GoI on the scheme status and updates
 Status Update for the FY 2012-13 (April 2012 - March 2013) : Total
achievement has been 4,18,784 units against a target of 4,00,000 units i.e.
achievement of 105 %
 Target allocated for FY 2012-13: 4,50,000 units to Banks, HFCs and RRBs
Institution
Housing
Finance
Companies
PSB’s & RRBs
TOTAL
Target vs Achievement 2012-13
April 2012 – March 2013
Percentage Achievement
Target
Achievement
vis-à-vis target
No. of units
No. of units
1, 40,000
2,02,941
145%
2, 60,000
2,15,963
83 %
4,00,000
4,18,784
105 %
Recent Developments in Housing Sector
 Focus on Affordable Housing for Low Income and




Rural Housing
Focus on Energy Efficient homes
Setting up of Central Registry of Securitization Asset
Reconstruction and Security Interest of India (CERSAI)
, Credit Risk Guarantee Fund Trust for Low Income
Housing (CRGFTLIH) and India Mortgage Guarantee
Company Pvt Ltd (IMGC)
Increase in the number of cities under NHB’s RESIDEX,
now covering 26 cities
Allowing External Commercial Borrowings (ECBs) for
low-cost affordable housing projects by HFCs and
builders
12
Recent Developments…Contd.
 Formulation of draft Real Estate Regulation & Development






Bill Formulated
Tailor made products like RML and RMLeA for senior citizens
Introduction of Long Term Fixed Rate Mortgages for low
income segments
Initiation of Housing Start Up Index by RBI in collaboration
with MoHUPA
Dhanendra Kumar Committee recommending setting up of a
technology-enabled single-window portal for streamlining the
process of approvals for real estate projects
Release of Report on Housing Stock, Amenities and Assets in
Slums Based on House listing & House Census- 2011
Release of Technical Committee report on Housing
requirements in Urban areas during the 12th Five Year Plan by
MoHUPA.
Union Budget - 2013-14
for Housing Sector
 Interest deduction up to




1.00 lakh for new home
loans up to 25.00 lakh
Setting up of Urban Housing Bank Fund with initial
corpus of
2,000 crore
Increase in RHF to 6,000 crore
Securitization Trusts exempted from Income Tax
Existing exemptions from service tax for low cost
housing and single residential units to continue
Future Outlook
 Addressing the increasing housing shortage & supply
of mass scale housing for the lower income segments
 Ensuring the quality of construction
 Channelizing a mix of medium and long term funds
 Development of simple securitized mortgage
products backed by adequate regulatory safeguards.
 Risk mitigation and maintaining asset quality
 Financial innovation
 Need for proactive regulation and supervision
15
Thank You….

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