Housing Finance Policy

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A. Legal and Regulatory Framework

A.1 Legal and Regulatory Framework
VariableEnd of 2014End of 2013End of 2012SourcesVar ID
Basis of the legal system: Civil, Common, Islamic, Other? (Describe)Islamic law with admixtures of Common law in commercial mattersIslamic law with admixtures of Common law in commercial mattersIslamic law with admixtures of Common law in commercial mattersA.1.1
Are there specific laws that deal with mortgages? YesYesYesA.1.2
Registration/Transfer of titles:A.1.3
Does the law clearly define different types of property rights?YesYesYesA.1.3.1
Typical number of days needed for the transfer of title57 days57 days57 days
WDI
A.1.3.4
Is there specialized legislation covering:A.1.9
B. Housing Finance Subsidies
B.1 Subsidies to Housing Finance Institutions
B.2 Subsidies to Households
VariableEnd of 2014End of 2013End of 2012SourcesVar ID
Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
C. Taxation
VariableEnd of 2014End of 2013End of 2012SourcesVar ID
What taxes apply to Residential Real Estate?C.1
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Notes: 2013 Figure is only available till November
Notes: For Islamic loans, the maximum term is 15 years
Notes: For Islamic loans, the maximum term is 15 years
Notes: Loans from other financial institutions and corporate bonds. For HDFC this is primary
Notes: Loans from other financial institutions and corporate bonds. For HDFC this is primary.
Notes: Loans from other financial institutions and corporate bonds. For HDFC this is primary.
Notes: National Percentage