Housing as an emerging and important sector in India has registered an enormous growth and development in terms of number and quality during the past one and a half decade. The past couple of years since the early 1990s have seen a fast transformation of the housing sector into a crucial segment of the economy mainly because of the financial liberalization process, rapid economic growth and urbanization. The acceleration in the growth of housing sector over a few years has been due to the rising demand for housing, and a surge in housing prices in the urban areas. The shortage has also led to...