Housing finance evolution and reach in India Saritha Y.1, Dr. Narsaiah P.V.2 1Research Scholar, Sri Venkateswara University, Tirupati 2Professor, Dept. Of Commerce, Sri Venkateswara University, Tirupati Online published on 5 August, 2019. Abstract Housing being one of the three basic needs of life always remains in the top priorities of any person, society and economy. As a human being, an individual needs his own space and privacy, which can be provided by the ownership of a house. The home is the basic unit of the society. Home provides a platform to the family and the family is the most important social institution, which leaves its imprint on an individual for whole life. Thus housing deserves significant attention in the context of developing policies and strategies for human development. But still the majority of human populace lives in slums, shanties and temporary shabby shelters in rural areas. The shortage of housing is a big impediment in the healthy development of an individual and consequently the society, and the nation. The problem of space, privacy, security and sanitation leads to social, economic and environmental degeneration. The perpetual strife for space and house-ownership leads to personal and social disorganization, which is detrimental for the society and the economy. A developing nation like India has to focus more on housing sector to cater to the housing needs of burgeoning population and to accelerate the economic growth. The housing sector has been globally used as an engine to propel the economic growth as it generates employment and demand in the market. Last one decade has witnessed the authorities giving significant focus on the housing sector in India. Top Keywords Housing finance, market and impediment. Top |