PNB Housing Finance: Housing sector to grow in 5 years

01 Jun 2022 CW Team

After a period of stagnation, the domestic housing market is expected to expand over the next five years. Housing finance companies are well positioned to take advantage of this opportunity thanks to sectoral reforms like RERA and GST that have increased transparency, according to PNB Housing Finance's annual report for 2021–22.

The establishment of the Goods and Services Tax (GST) and the Real Estate Regulatory Authority (RERA) among other reforms during the past several years have increased transparency in the housing market.

India is also well-positioned to become a manufacturing hotspot thanks to recent government regulations and targeted programmes like the Production Linked Incentive Scheme (PLI).

This, in turn, will have a trickle-down impact across all the sectors and help the country emerge as a USD 5-trillion economy. the Indian economy is in much better shape to tackle external shocks,

Numerous people are projected to enter the housing market as a result of the anticipated macroeconomic situational changes. Additionally, according to Crisil, the portfolio of NBFCs and HFCs will increase by 13–15% as a result of increased affordability and unmet demand. In FY23, affordable housing is anticipated to rise by 15–23%.

In keeping with its retail first approach, PNB Housing Finance allocated 97 per cent of all its funds to the retail sector in FY22.

The company disbursed loans totaling Rs 11,246 crore in FY22, an increase of 8 per cent annually. The housing finance company stated that it would continue to expand its inventory of affordable housing, and it built up to 24 locations this year to support Unnati loans.

PNB Housing Finance, a venture of the state-owned Punjab National Bank, was forced to abandon a proposal to raise Rs 4,000 crore in equity from a number of investors in FY22 due to regulatory obstacles.

Real Estate

08 Oct 2025

Brigade Signs JDA For Rs 10 Billion Chennai Project

Brigade Enterprises Limited, one of India’s leading real estate developers, has signed a Joint Development Agreement (JDA) for a prime 6.6-acre land parcel in West Chennai. The project carries an estimated Gross Development Value (GDV) of Rs 10 billion and will deliver a premium residential development that reflects the city’s evolving urban aspirations.Strategically located on a major arterial corridor, the site offers seamless connectivity to Chennai’s industrial and peripheral business districts, positioning it as an ideal location for an integrated, future-ready community.Commenting ..

Kranti Industries, Kores Form JV For Precision Machining Unit

Kranti Industries Limited, a leading BSE-listed auto component and precision engineering firm, has announced a strategic joint venture with Kores Group to establish a state-of-the-art greenfield precision machining facility at Halol, Gujarat. The new entity, KRAKO Precision Private Limited, marks a major milestone in Kranti’s journey of expansion, diversification, and manufacturing excellence.The collaboration aims to combine the strengths of both companies in precision engineering, operational efficiency, and innovation to cater to the evolving demands of domestic and global customers.Key D..

Arunachal Pradesh Inaugurates First Commercial Coal Mine at Namchik-Namphuk

Union Coal & Mines Minister G Kishan Reddy and Arunachal Pradesh Chief Minister Pema Khandu inaugurated the Namchik-Namphuk coal mine in Changlang district on Monday, marking the state’s first commercial coal mining project.The ceremony included a ‘bhumi pujan’, a tree plantation drive, and the handover of the mining lease along with the flagging off of tools and machinery by Coal Projects (CPPL), officially commencing mining operations.Addressing the gathering, Minister Reddy called the launch “a symbol of new hope and a significant step towards energy security and regional develo..