Miscellaneous News

Trends in India’s Housing Sector for 2024

March 19 , 2025 18 hrs 0 min 28 0

The National Housing Bank (NHB), a statutory body under the Government of India has released the Report on Trends and Progress of Housing in India, 2024.
Individual housing loans outstanding as on 30-09-2024 stood at ₹33.53 lakh crore.
It was showing growth of 14% over the corresponding period of previous year.
These loans shows that Economically Weaker Sections (EWS) and Low-Income Groups (LIG) account for 39%.
The Middle-Income Group (MIG) represents 44%, and High-Income Groups (HIG) make up 17%.
The Housing Price Index (NHB-RESIDEX) has recorded year-on-year increase of 6.8% for the quarter ending September 2024.