The optimal pattern of scarce national resources involving housing vis-a-vis other sectors of the economy can be determined only after a comparative evaluation of the strength of inter-sectoral linkages of investment in housing and other sectors. The present paper makes an attempt in this direction. It seeks to measure the total direct and indirect output generation impact of additional expenditure on various sectors of Indian economy and to assess the relative importance of housing investment in the context of assigning priority for resource allocation at the national level.