housing finance institutions

Raison Sam RajuRoll no.17M.Com S3Dept of commerceUniversity of kerala

Welcome

Housing Finance Institutions In India

Housing And Housing FinanceAccording to Longman Dictionary,“Housing means the house or conditions that people live in“

A set of all financial arrangements that are made available by housing finance companies (HFC) to meet the requirements of housing is called ‘Housing Finance’.

NHB-NATIONAL HOUSING BANK

•Established in July 1988 under NHB ACT 1987•Principal agency to promote HFI OR •Apex institution in the housing sector•Authorized capital rs.350crore fully subscribed by RBI

To promote a sound,healthy,viable and efficient housing finance system to cater all segments of population

To make housing more affordable

To augment the supply of land & building materials for housing.

Objectives

To enable the public agencies to emerge primarily as facilitators and suppliers of service land.

To augment and upgrade housing stock in the country.

To augment the financial resources for the sector.

Objectives

Functions

PromotionFunction

Regulatory Function

Financing ADVISORY FUNCTION

Rights

Borrowing and acceptance of

depositsPower to acquire

rights

Access to records or power to inspect

Income tax exemption

HOUSING DEVELOPMENT FINANCE CORPORATIONHDFC

• 1977

• PROMOTE HOME OWNERSHIP BY PROVIDING LONG TERM LOANS

• 10 crore

objectivesIncrease number of residential houses• Increase flow of funds to housing sector

Direct loans to individuals•High returns to shareholders

•Dwelling house •To inviduals based on income.max.period is 20

•Extension of existing house –max up to 1 crore •Purchase of land

•Repairs/innovations•Facility to weaker section

Types of loans

Life insurance corporation housing finance limited (lichfl)

•1989•25% market share in housing finance industry

Provide finance to individuals to construct or purchase residential house/flat.

extension or renovation

Loans to corporate bodies for staff quarters

PUPOSES

PUPOSES

Loans to corporate bodies for office premises

Loans to public agencies

Bridge loan to reputed developers/builders for housing projects

Housing and urban development corporation

(HUDCO)

25TH APRIL 1970CENTRAL GOVERNMENTHOUSING CONDITION TO ALL

• Provide long term finance for construction of house for residential purpose in urban & rural areas.

• To subscribe to debentures & bonds issued by the state housing & urban development boards,trusts,authorities etc especially for the purpose of housing

• To administrate the amount received from time to time ,from GOI and other sources for the purpose of financing or undertaking housing and urban development programmes in the country

• To promote,establish,assist,collaborate and provide consultancy services for the projects in designing and planning of works relating to housing and urban development

objectives

Housing programmesUrban housing

Rural housing

Staff rental housing

Hudco Nivas

Any questions………….

Thank you………………………