TestCloud
Prep • Practice • Perform
Log In

NHB Unveils Report on Trends and Progress of Housing in India 2024.

National | Dated: 14 Mar 2025

In March 2025, the New Delhi (Delhi)-based National Housing Bank (NHB), the apex financial institution for housing, released the Report on Trends and Progress of Housing in India, 2024, in accordance with the provisions of Section 42 of the NHB Act, 1987.

🎯 Key Highlights:

  • - As of September 30, 2024, individual housing loans amounted to Rs 33.53 lakh crore, reflecting a growth of 14% compared to the same period last year.
  • - The Middle-Income Group (MIG) accounted for 44% of the total housing loans as of September 30, 2024.
  • - During the first half (H1: April-September) of Financial Year 2024-25 (FY25), individual housing loan disbursements were Rs 4.10 lakh crore, while disbursements during FY24 (ending March 31, 2024) were Rs 9.07 lakh crore.

💡 Other Important Facts:

  • (i) According to the report, the Housing Price Index (NHB-RESIDEX), which tracks price movements of residential properties, showed a Year-on-Year (Y-o-Y) growth of 6.8%, up from 4.9% the previous year.
  • (ii) National Housing Bank (NHB) is a statutory body established under the NHB Act, 1987 on July 9, 1988.

📚 Test Your Knowledge:

Recently, which organization released the Report on Trends and Progress of Housing in India, 2024?

Correct Answer: IBBI

🚀 Quick Recap:

About National Housing Bank (NHB)

  • Managing Director (MD): Sanjay Shukla
  • Headquarters : New Delhi