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.