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Housing finance by banks and housing finance companies in India: A review


Article ID: 2601
Vol 9, Issue 6, 2024, Article identifier:

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Housing is a major pre-requisite of human life. So, housing development and housing finance are the governmental priorities worldwide, and Government of India (GOI) is no exception. In India ‘Affordable Housing for All’ has been a national goal since 2017. Though this national goal was supposed to be attained by 2022, it could not be attained, partly because of the crisis due to the global pandemic, Covid-19. The revised target of the GOI is 2025. This paper looks into the major players in the housing finance market viz. Commercial Banks (CBs) and HFCs and their role in attaining the national housing goal. Better presence of specialized agencies that have only minor role now, like Affordable Housing Finance Companies (AHFCs), Small Finance Banks (SFBs), and Apex Co-operative Housing Federations (ACHFs) also discussed.   


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