THE HOUSING FINANCE SECTOR IN INDIA Against the milieu of rapid urbanization and a changing socio-economic scenario, the demand for housing has grown explosively. According to the National Building Organization (NBO), the total demand for housing is estimated at 2 million units per year and the total housing shortfall is estimated to be 19.4 million units, of which 12.76 million units is from rural areas and 6.64 million units from urban areas. The housing industry is the second largest …showed first 75 words of 2393 total…

…showed last 75 words of 2393 total…their own ramshackle abodes with public policy following at a snail's pace (for they are easy paced) with respect to homeownership then they may as well carryon as they are at present. If they are to move ahead rapidly, affirmative action is necessary. HDFC is clearly part of an affirmative tradition. BIBLIOGRAPHY http://www.rediff.com/money/2003/feb/01icici.htm http://www.thehindubusinessline.com/bline/2002/01/01/stories/2002010101590300.htm http://business2media.com/PressRelease.asp?b2mid=4083