Page 252 - NHB AR 2020-21-3 complete- Print (1)
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which is a Statutory Board set up for development of infrastructure in Tamil Nadu and
governed by TNIDB Act, 2012. The total investment made by NHB in the equity share
capital of TNIFMC as on June 30, 2021, is `5.40 crore.
4) India Mortgage Guarantee Corporation Private Limited (IMGC): IMGC is a Mortgage
Guarantee Company regulated by RBI. The total investment by NHB in the equity share
capital of IMGC as on June 30, 2021, is `76 crore.
5) Small Industries Development Bank of India (SIDBI): SIDBI is the principal financial
institution for the promotion, financing and development of micro, small and medium
enterprise (MSME) sector and for co-ordination of functions of the institutions engaged
in similar activities. The total investment made by NHB in the total paid up equity
capital of SIDBI as on June 30, 2021, is `642.20 crore.
3.5.3 NHB RESIDEX
NHB RESIDEX, India’s first official housing price index (HPI), was launched in July 2007 to
track the movement in prices of residential properties in select cities. NHB RESIDEX started
with coverage of 5 cities with yearly updation with base year 2001 and then moved to 15 cities
with half-yearly updation with base year 2007. NHB RESIDEX, at present, covers 50 cities
with quarterly updation with base year 2017-18.
NHB RESIDEX captures two housing price indices viz. HPI@ Assessment Prices and HPI@
Market Prices - Under Construction Properties based on the data available for 50 cities. HPI@
Assessment Prices is computed using lenders’ valuation data received from Banks/Housing
Finance Companies (HFCs), while HPI@ Market Prices for Under Construction Properties is
based on primary market data for under construction properties collected from developers and
builders. A NHB RESIDEX Technical Advisory Committee monitors progress of the project and
guides in developing new systems/ processes for the preparation and publication of the indices.
It consists of representatives from GoI, RBI, NHB, PLIs, NAREDCO, and academics/experts.
HPIs details from the quarters January – March 2020 to January - March 2021 are available
as Annexure XI for HPI @ Assessment prices & XII for HPI @ Market Pirces for under
construction properties respectively.
3.5.4 Research Studies
The NHB has been undertaking research studies in association with reputed research
institutions for development of housing and housing finance market. The Bank engaged the
services of IIM-B – RERI for undertaking the “Study on the impact of changes in Stamp Duty
and Registration Charges on Residential Property and suggest a revenue neutral model for
enabling Affordable Housing for All” which was published during the year and is available
on Bank’s website.
232 | Annual Report 2020-21
governed by TNIDB Act, 2012. The total investment made by NHB in the equity share
capital of TNIFMC as on June 30, 2021, is `5.40 crore.
4) India Mortgage Guarantee Corporation Private Limited (IMGC): IMGC is a Mortgage
Guarantee Company regulated by RBI. The total investment by NHB in the equity share
capital of IMGC as on June 30, 2021, is `76 crore.
5) Small Industries Development Bank of India (SIDBI): SIDBI is the principal financial
institution for the promotion, financing and development of micro, small and medium
enterprise (MSME) sector and for co-ordination of functions of the institutions engaged
in similar activities. The total investment made by NHB in the total paid up equity
capital of SIDBI as on June 30, 2021, is `642.20 crore.
3.5.3 NHB RESIDEX
NHB RESIDEX, India’s first official housing price index (HPI), was launched in July 2007 to
track the movement in prices of residential properties in select cities. NHB RESIDEX started
with coverage of 5 cities with yearly updation with base year 2001 and then moved to 15 cities
with half-yearly updation with base year 2007. NHB RESIDEX, at present, covers 50 cities
with quarterly updation with base year 2017-18.
NHB RESIDEX captures two housing price indices viz. HPI@ Assessment Prices and HPI@
Market Prices - Under Construction Properties based on the data available for 50 cities. HPI@
Assessment Prices is computed using lenders’ valuation data received from Banks/Housing
Finance Companies (HFCs), while HPI@ Market Prices for Under Construction Properties is
based on primary market data for under construction properties collected from developers and
builders. A NHB RESIDEX Technical Advisory Committee monitors progress of the project and
guides in developing new systems/ processes for the preparation and publication of the indices.
It consists of representatives from GoI, RBI, NHB, PLIs, NAREDCO, and academics/experts.
HPIs details from the quarters January – March 2020 to January - March 2021 are available
as Annexure XI for HPI @ Assessment prices & XII for HPI @ Market Pirces for under
construction properties respectively.
3.5.4 Research Studies
The NHB has been undertaking research studies in association with reputed research
institutions for development of housing and housing finance market. The Bank engaged the
services of IIM-B – RERI for undertaking the “Study on the impact of changes in Stamp Duty
and Registration Charges on Residential Property and suggest a revenue neutral model for
enabling Affordable Housing for All” which was published during the year and is available
on Bank’s website.
232 | Annual Report 2020-21
