housing finance institutions
Post on 27-Jan-2017
1.598 Views
Preview:
TRANSCRIPT
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………………………
top related