Keeping in view the demand-supply gap, our favourable demography, increasing urbanisation and growth prospects, the demand for housing finance will continue to grow. At the same time risks also arise to household and bank balance sheets with fluctuation in prices and changes in the business cycle. Hence, there is a need for developing a data base on housing finance.
Availability of statistics on housing finance has been limited. We have two publicly available house price indices (HPIs): (i) NHB-Residex compiled on survey based information for 20 cities, and (ii) RBI-HPI based on registration prices information for 9 cities.