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1.5.1 NHB RESIDEX-All India House Price Index
NHB RESIDEX captures two housing price indices viz. HPI@ Assessment Prices and HPI@
Market Prices for Under Construction Properties for 50 cities. Assessment price includes
prices of under construction, resale and fully constructed flats/apartments which are sold
and bought using individual home loan facility of HFC’s and Banks. Market price uses market
price quoted for unsold (Under Construction and Ready to Move) flats/apartments.
The All-India House Price Index (HPI) Assessment prices increased (Y-o-Y) by 2.7 per cent in
Q4FY21 visa-vis 4.7 per cent growth a year ago. HPI growth showed larger variation across
major cities. (Annexure XI & XII)
Box 1.4: Real Estate Sector – Performance of Housing Schemes & RERA implementation
Since the inception, Pradhan Matri Awas Yojana (PMAY) Mission has sanctioned 1.12 crore
houses against validated demand. 80.49 lakh houses have been grounded for construction of
which 48.05 lakh houses have been completed/delivered. Under the ‘AatmaNirbhar Bharat’
package announced in 2020 in the wake of COVID-19, an Affordable Rental Housing Complexes
(ARHCs) Scheme for providing ease of living to urban migrants/poor of Economically Weaker
Sections (EWS)/Lower Income Group (LIG) categories near their workplaces was launched
under PMAY-U. So far, 31 States/UTs have signed Memorandum of Agreement (MoA) for
implementation of ARHCs. PMAY-U houses are being used as COVID-19 care centres for
providing relief to people.
Housing
• 34 states/UTs have notified rules under RERA.
• 30 States/UTs have set up Real Estate Regulatory Authority (Regular – 25 Interim -05).
• 28 States/UTs have set up Real Estate Appellate Tribunal (Regular -22, Interim -06).
• Regulatory Authorities of 27 States/UTs have operationalized their websites under the
provisions of RERA.
• So, far, 63,810 real estate projects and 50,420 real estate agents have been registered under
RERA. 827 real estate projects and 1,341 real estate agents have been registered during the
month of April 2021.
Source: Monthly Summary of Ministry of Housing and Urban Affairs, dated 9th June 2021.
Annual Report 2020-21 | 197
NHB RESIDEX captures two housing price indices viz. HPI@ Assessment Prices and HPI@
Market Prices for Under Construction Properties for 50 cities. Assessment price includes
prices of under construction, resale and fully constructed flats/apartments which are sold
and bought using individual home loan facility of HFC’s and Banks. Market price uses market
price quoted for unsold (Under Construction and Ready to Move) flats/apartments.
The All-India House Price Index (HPI) Assessment prices increased (Y-o-Y) by 2.7 per cent in
Q4FY21 visa-vis 4.7 per cent growth a year ago. HPI growth showed larger variation across
major cities. (Annexure XI & XII)
Box 1.4: Real Estate Sector – Performance of Housing Schemes & RERA implementation
Since the inception, Pradhan Matri Awas Yojana (PMAY) Mission has sanctioned 1.12 crore
houses against validated demand. 80.49 lakh houses have been grounded for construction of
which 48.05 lakh houses have been completed/delivered. Under the ‘AatmaNirbhar Bharat’
package announced in 2020 in the wake of COVID-19, an Affordable Rental Housing Complexes
(ARHCs) Scheme for providing ease of living to urban migrants/poor of Economically Weaker
Sections (EWS)/Lower Income Group (LIG) categories near their workplaces was launched
under PMAY-U. So far, 31 States/UTs have signed Memorandum of Agreement (MoA) for
implementation of ARHCs. PMAY-U houses are being used as COVID-19 care centres for
providing relief to people.
Housing
• 34 states/UTs have notified rules under RERA.
• 30 States/UTs have set up Real Estate Regulatory Authority (Regular – 25 Interim -05).
• 28 States/UTs have set up Real Estate Appellate Tribunal (Regular -22, Interim -06).
• Regulatory Authorities of 27 States/UTs have operationalized their websites under the
provisions of RERA.
• So, far, 63,810 real estate projects and 50,420 real estate agents have been registered under
RERA. 827 real estate projects and 1,341 real estate agents have been registered during the
month of April 2021.
Source: Monthly Summary of Ministry of Housing and Urban Affairs, dated 9th June 2021.
Annual Report 2020-21 | 197
