1)a.

Defective Premises Act 1972:

It is an act that accounts for the landlord's and
builder's liability towards poorly constructed
and poorly maintained buildings along with any
injuries that may result in the process.
b. Building Act 1984:
It is a legislation concerning the construction
process,the design, specifications for buildings
& their components as well as detailed
regulations to be made by the Secretary of
State.
c. Disability Discrimination Act 1995:
This act is a civil rights law and explicitly states
that it is unlaw to discriminate against people
with respect to their disabilities in relation to
employment,the provision of goods and
services,education & transport.It has at present
been replaced by the Equality Act 2010.
2)Housing Finance plays a crucial role in the
following ways:
 It helps in the purchase and
development of house sites,purchase of
building materials and the actual building of
a house.
 It helps in covering risks involved in long
term housing investment.
 It helps in meeting the annual charges
consisting of the maintenance expenses
including renovation of kutcha
houses,amortization charges on capital etc.
The Purpose wise classification of Housing
Finance are as follows:
 Credit for Construction or Extension
 Credit for Plot Purchase
 Credit for Maintenance of the House
 Credit for Housing Expenditure or
Renovation
 Credit for purchasing Flat or one's
Individual House.
3) The objectives of LIC Housing Finance
Limited are as follows:
 Provide long term finance to
individuals for:
a) Purchase or Construction of house or
flat for residential purpose.
b) Repair and Renovation of existing
flat houses.

 Provides finance on existing

property for business or personal needs.
 To give loans to Professionals for
Purchase or Construction of
 clinics,nursing home, diagnostic centres
and office space.
 To facilitate Purchase of
equipments.
4) The Classification of Housing
Finance Industry in India are as follows:
It is categorised as
1. Organized Sector

2. Unorganized Sector which includes

loans from relatives and friends,small
private financers and household
savings.
Organized Sector is further
categorised under:
1. The basis of Information
2. The basis of Registration
3. The basis of Operation
These three sub categories are
further classified as:
1. The basis of Information:
 Private Finance Institutions such
as HDFC,TATA.
 Public Finance Institutions such
as HUDCO,LIC
2. The basis of Registration:
 Registered with NHB(National
Housing Bank) such as
HDFC,LIC
 Not registered with
NHB(National Housing Bank)
such as HUDCO
3. The basis of Operation:
 Specialized Housing
Institutions
 Non Specialized Housing
Institutions such as
Commercial banks and
Cooperative housing.