{
  "lastUpdated": "2026-08-23",
  "policy": "Aggregate indicators only. These do not count individual property sales and are never converted into sale counts.",
  "indicators": [
    {
      "id": "nhb-home-loan-outstanding",
      "label": "Formal home-loan stock",
      "frequency": "monthly",
      "geography": "India",
      "value": 3979235,
      "unit": "₹ crore outstanding",
      "source": "NHB Monthly Credit Flow Data",
      "url": "https://www.nhb.org.in/monthly-credit-flow-data/",
      "interpretation": "This is the outstanding balance of individual housing loans across HFCs, public-sector banks, private-sector banks and RRBs—not the number of loans and not property sales. It increased 0.94% from May 2026 and 9.42% from June 2025. Rising outstanding balance indicates expanding formal housing finance, but may reflect new lending, drawdowns, repayment timing and balance growth.",
      "period": "2026-06",
      "sourceUrl": "https://www.nhb.org.in/wp-content/uploads/2026/08/Website-Publication-format-June26.pdf",
      "comparison": {
        "previousMonth": {
          "period": "2026-05",
          "value": 3942115,
          "change": 37120,
          "changePct": 0.94,
          "sourceUrl": "https://www.nhb.org.in/wp-content/uploads/2026/07/Website-Publication-format-May26-1.pdf"
        },
        "yearAgo": {
          "period": "2025-06",
          "value": 3636605,
          "change": 342630,
          "changePct": 9.42,
          "sourceUrl": "https://www.nhb.org.in/wp-content/uploads/2025/07/Website-Publication-format-Jun25.pdf"
        }
      }
    },
    {
      "id": "rbi-housing-credit",
      "label": "Bank housing credit",
      "frequency": "monthly",
      "geography": "India",
      "value": null,
      "unit": "₹ crore / housing credit",
      "source": "RBI Sectoral Deployment of Bank Credit",
      "url": "https://rbi.org.in/Scripts/Data_Sectoral_Deployment.aspx",
      "interpretation": "The RBI publishes a housing-credit line in its sectoral tables. The current table file is not machine-readable in this collector, so no housing-only number is displayed. Broad personal-loan growth is deliberately excluded."
    },
    {
      "id": "nhb-residex-bengaluru",
      "label": "Bengaluru housing index",
      "frequency": "quarterly",
      "geography": "Bengaluru",
      "value": 9.1,
      "period": "2025-Q2 / Q1 FY26",
      "unit": "% YoY price change",
      "source": "NHB RESIDEX (official dashboard); ETRealty is the readable cross-check",
      "url": "https://residex.nhbonline.org.in/",
      "interpretation": "Bengaluru’s primary-residential price index rose 9.1% year-on-year in Q1 FY26. This is price direction, not sales volume. The RESIDEX dashboard also publishes quarterly city series."
    }
  ],
  "next": "The page now shows validated NHB housing-credit comparisons and a validated Bengaluru RESIDEX YoY figure. Lender-specific disclosures remain out of the core score because they are partial and not Bengaluru-specific.",
  "lastValidated": "2026-08-23"
}