The Trends and Progress of Housing in India 2024 Report was released by the National Housing Bank (NHB)

The report presents the function of major lending institutions in the industry, the overall housing situation, and an analysis of housing plans.

Key Findings of the Report Banks account for 81% of home loans, while home finance companies (HFCs) account for 19%.

Distribution of outstanding loans: Lower Income Group (39 percent) > HIG & Middle Income Group (44 percent) > EWS:

Housing loans account for 17% of GDP: It has gone up from 6.60% in 2011–12 to 11.29% in 2023–24.

Only 5% of buildings are classified as green buildings.

Issues in India's Housing Sector: The most economically unequal states are the Southern States (35%), Western States (30%), Northern States (28%), Eastern States (5.4%), and North Eastern States (0.68%).

Climate risks, housing plan analysis, and the general housing situation: Because of the increased vulnerability to floods, fires, and severe weather, structures need to be resilient and energy-efficient.

Issues with Green Construction: A limited number of certifying bodies, high material costs, and a lack of standardized certification frameworks.

Prospects

Technological advancements: For example, 3D printing uses AI, data analytics, and predictive modelling to reduce costs and speed up projects.

Enhanced Liquidity: REITs, for example, offer more liquid investment options and allow smaller investors to participate in large projects.

Budget Push (2025–26): Urban Challenge Fund and National Geospatial Mission to assist in the growth of the housing industry.

About the National Housing Bank

The National Housing Bank Act of 1987 established it as a statutory organization.

The Reserve Bank of India (RBI) now has regulatory authority, including the ability to register Housing Finance Companies (HFCs), even though it still supervises HFCs.

The Indian government has made a full contribution of ₹1,450 crore, which is the authorized capital. New Delhi is the headquarters.