he previous editions of the summit witnessed the presence of regulators, developers, banks, HFCs coming together to push the government’s objective of “Housing for All”, RERA, Alternative Financing Solutions, Affordable Housing, the impact of demonetisation and various other development in the sector. This year, The Economic Times aims to examine the past, understand the present issues and draw a roadmap for the future. Policy implications, the effect of Budget 2019, alternative financing solutions, downturn-ready action plan, affordable housing, and developer’s pain-points are few key discussion points.

Key Determinants of Housing Finance Segment

Rising NPA (Non-Preforming Assets)

There is steady progress in loan disbursement in the affordable housing category, but the amount of bad loans has risen sharply. Data suggest that the NPAs have risen starkly in the affordable housing sector. The NPA for Rs 2 lakh loan segment rose to 8.6% in FY2018 from 6.1% in FY2016; the Rs 5 lakh loan segment saw NPA rise to 4%.​

Affordable Housing for All

PMAY aims to build over two crore affordable homes across 305 rural and urban centres. Under this scheme, people can avail interest subsidy of 4% on loans up to Rs 9 lakh and 3% for loans up to Rs 12 lakh. There is also a 3% interest subsidy on a Rs 2 lakh loan for a new home in the rural areas. This has resulted in housing finance companies disbursing more loans. To lend perspective, loans up to Rs 2 lakh witnessed the maximum year-over-year growth of 10.4% in FY 2016-17.​

Impact of RERA

Real Estate Regulation and Development Act was a big step in streamlining the real estate sector. Launch of new projects was down by 41% across the country, according to a July 2017 report by Knight Frank. A slowdown in projects would consequently result in lesser people taking home loans, but this would be temporary and would be resolved over the period.​

Inflation Risking the Borrowing Rate

The housing finance sector could experience some headwinds if inflation rates are increased. There are indications that inflation will rise over the medium-term, which will subsequently have an impact on this sector. When interest rates are low, more people opt for a home loan and there are few loan defaults.

Scripting the Next Wave in Housing Finance

Housing is a principal requirement in every economy and is a basic indicator of growth and social well-being. Progress in housing sector is not just important to economic growth but is also one of the tools for economic development considering the accelerator impact it has on various industries including construction and infrastructure sector.

In the past few years, the Government has taken various policy initiatives to boost housing and home loan in India. PM Awas Yojana, RERA, Housing for All initiative etc have contributed to the growth in the sector but, there still exists an extensive gap between the demand and supply of houses and finance.

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What our experts say

“Infrastructure is going to happen, new townships are going to happen, new city centres will happen, and those cities which will do development will become the new centres of gravity.”

Dr. Niranjan Hiranandani
President, NAREDCO & Founder Chairman, Hiranandani Group & CMD, Hiranandani Foundation

“If India is to grow at 8-8.5%, real estate growth is a must. What I have focused is everyone is focusing on the metros, but the real growth story is in the tier 2 and tier 3 cities. We really need to give these cities growth, and ease access to housing finance for them.”

Boman Irani
CMD, Rustomjee Group

“We increasingly see a lot of banks wanting to get into the affordable space and for them the big challenge is getting into geographies where they have not operated before, and they use mortgage guarantee as a tool to deal with their geographic unfamiliarity. We increasingly see people use mortgage guarantee as a tool on the mid to the bottom end of the pyramid as opposed to houses costing greater than 30 lakhs.”

Mahesh Misra

Who Should Attend?

Chairman & Managing Directors, Chief Executive Officers, Vice Presidents, Directors, Head of the Department, Liaison Officers, Investment Officers, Risk & Credit Departmental heads, and Consultants from:

  • Housing Finance Companies
  • Construction Financers
  • Banks
  • BFSI
  • NBFC
  • Regulators / Bureaucrats

Benefits of Attending:

A world class platform, one-to-one meetings with solution providers and the opportunity to network with your peers will arm you with the information you need. The summit will discuss key challenges being faced, advancement in the sector and the opportunities. Look out for:

  • Biggest convergence of Housing Finance Companies in India
  • Apprise yourself with policy implications
  • Update yourself with the new schemes and subsidies undertaken by the government
  • The key stakeholders from the housing and housing finance sector along with the Government representative come together to discuss the challenges, issues, opportunities and the present housing finance environment
  • Networking with the best of the best


Dr. Nandita Chatterjee
Secretary, Ministry of Housing & Urban Poverty Alleviation, Government of India

Vivek Oberoi
Delivers the Keynote Address

ET Now Episode
The Economic Times Housing Finance Summit 2017