**Acknowledgements**

We express our sincere thanks to the Housing and Urban Development Corporation (HUDCO), New Delhi for funding support to complete this research under the HUDCO Chair program.

We would like to thank Dr. Prasanna Kumar Mohanty, Chair Professor, Land, Housing, Transport and Urban Economics, University of Hyderabad, Member, Central Board of Directors, Reserve Bank of India and National Housing Bank, India, Ex. Chief Secretary, Undivided Andhra Pradesh, India for his valuable and constructive comments on this paper.
