An attempt is made in this paper to examine various aspects of housing demand and housing investment in India. The main objectives of the study area: (i) to estimate the income and price elasticity of demand for housing in India; (ii) to examine the interstate Differences in the elasticities of housing demand; (iii) to examine the trends in housing stock in the Indian Economy; (iv) to estimate the relative importance of various factors influencing housing investment in India; and (v) to examine the extent of interstate variations in housing investment and its determinants.