Still, we need to keep the recent increases in house prices in perspective: Although house prices have been outstripping broad measures of inflation - even after adjusting for quality improvements - their rise is nothing like the increase in stock market prices in the late 1990s.
The objective of achieving greater financial inclusion in India has been pursued in a regulated space. The framework for financial inclusion has been bank led to a large extent and banks are closely regulated and supervised entities in the Indian context.