Housing, regarded as one of the basic amenities of human settlements has of late, become highly individualistic and competitive. The dwelling place protects against crime and ensures healthy surroundings. On the domestic front it is an enclosure for behavioral patterns and at the societal level reinforces social bonds among its members. Taken on the economic front, it addresses segregation from other population groups and reinforces unequal access to jobs. On the whole, it is intrinsically connected to questions of redistributed justice. At a particular point in time, large sums of money were invested in the share market. Europe witnessed a fairly good amount being invested, but unfortunately, the crash at the US share market seriously affected investors in Europe. Later on, investment with the dot.com industry grew and it was considered a safe investment. Beyond expectations, its growth plummeted resulting in huge losses. Both the share market and the dot.com industry were considered unsafe for further investments. People had only one choice – to invest in land property which was considered a lifelong investment with long-term returns. The gulf war also resulted in an increase in crude oil prices thereby people took strong decisions to invest in land property. Agencies at various levels – land developers, lenders, investors design professionals, unions, and government agencies at various levels work hand in hand to regulate and obtain financial gain. Here, housing has the particular interest of being a market-based product or commodity. At the policy level, the government strives to attain various other objectives – chief among them are economic ones. Certain facts which are mentioned below could appear misleading as far as our topic of concern is concerned, but it is to be noted that the figures and estimates given below do arrive at a certain focus which could markedly influence our range of understanding of the subject under consideration. Rather than considering the facts as a trend in estimating real estate worth they have to be considered as plausible factors for certain differences and their influence in the discussion at hand. Internationally, housing investments are between 2 and 8% of the general national product (GNP), between 10 and 30% of gross capital formation, between 20 and 50% of accumulated wealth, and between 10 and 40% of household expenditure. Governments can stimulate new constructions to boost employment. Housing is affected by many policies, trade, employment, public finance, social welfare, and transport. (Changes in Housing Finance and Shelter Delivery Systems). Globalization has affected aspects of housing in different ways and degrees. It would be appropriate to examine the effects of globalization with regard to the economic status of the countries concerned. In developing countries, a vast majority of householders use their own or informal savings. ‘Globalization increases the informal economy and formal sector commercial financial institutions do not meet the housing loan needs of people living in poverty’. (Changes in Housing Finance and Shelter Delivery Systems, 78). Sadly, government programs do not readily invest in the lowest income groups