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| R.V. Verma, NHB, CMD |
As per NHB (National Housing Bank), India's regulator of housing finance companies data shows, loans outstanding on the books of about 55 HFCs aggregated Rs. 2,20,396 crore (as on March-end 2012), up 18% over the March end 2011 figure of Rs. 1,86,438 crore.
Loans outstanding on HFCs books were up 22% between March end 2010 (Rs. 1,53,189 crore) and March end 2011.
Housing loans on the books of about 25 PSBs aggregated Rs. 2,39,079 crore (as on March end 2011), growing 18%t over the March 2010 figure of Rs. 2,02,356 crore
Mr. R.V. Verma, NHB, CMD, said, ""The year 2011-12 was not an easy year for HFCs. Faced with tight liquidity conditions, rising cost of borrowings, and margin pressures, the companies had to compromise a little on growth. PSBs (Public sector banks), on the other hand, were able to sustain 18% growth in their loan portfolios, given their access to low-cost savings bank and current account deposits. "
Mr. R.V Verma, also said, ''There was good appetite for loans from first-time home-buyers in Tier-II and Tier-III centres across the country as properties were affordable. We expects 18 to 20% growth in housing loans in 2012-13. Given the inflationary pressure, we does not see an immediate thaw in home loan interest rates. NHB is planning to launch a special refinance scheme for home loans up to Rs 5 lakh, which will be guaranteed by the proposed credit guarantee trust fund. Once property developers realise that banks are game to lend to the common man without any hassles, given the availability of a loan guarantee from the fund, they will be encouraged to construct affordable dwelling units.""
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