Problems of Housing Finance in India

Housing is one of the basic needs of an individual in terms of safety, security, self-esteem, social status, satisfaction and achievement. A large amount is required to construct/purchase a house, which is generally not available to a person. Hence, over the last few years, housing finance has become an attractive business for financial institutions of India due to its low risk characteristics. But this sector has some problems which require attention. My present paper is an effort to draw attention towards the problems of this sector.