The Forum of Free Enterprise is a non-political organization founded in 1956 by A. D. Shroff and has been established to educate public opinion in India on free enterprise and a democratic way of life. The Forum publishes booklets to further its objects. The following booklet titled “Resource Flows for Housing in India” was published on December 14, 1993, and was authored by Deepak S. Parekh. The author highlights that worldwide, the barriers between markets and institutions have been eroding rapidly. He argues that with rapid transformations taking place in financial systems the very structure of existing institutions is in the process of transformation. Housing finance institutions have been at the forefront of these transformations. He notes that India has not escaped this trend. He argues that for housing finance institutions, which are emerging as a significant component of financial sector operations, this period of transition will be somewhat problematic. He further highlights that housing finance has expanded substantially as a financial service industry during the past three years. According to him, resource mobilisation for housing finance at a reasonable cost has therefore become the key issue for future growth and expansion. HDFC has concentrated its efforts on expanding its resource base at a reasonable cost in order to ensure that the growth that it has achieved in past years can be sustained in the future. He concludes by arguing that if India wants to successfully adapt to the changing trends, it requires a complete redefinition of institutional structures and the supervisory and regulatory framework which will permit the new system to operate effectively.