There is an alarming housing shortage in Asia and the Pacific region in general and in the Indian context in particular. An economical and a simple alternative construction material will contribute greatly in solving the problem of housing. The provision of proper dwellings and basic infrastructure facilities along with earthquake resistant features, have been the constant endeavour of the previous researchers. Ferrocement has proven itself as an excellent material for low cost earthquake resistant housing. Various research organisations and non-government agencies viz. CBRI, SERC, AVBC, HUDCO and some other private sector organisations have also been involved in propagating the technology for effective use of ferrocement units. The corrosion susceptibility puts a question mark on the effective service life of ferrocement and its components. Any technique suggesting the enhanced life through use of corrosion inhibitors will definitely establish the effectiveness of the ferrocement material system for a wider range of application in diversified areas including housing, agriculture, industrial, terrestrial and marine etc. Success of ferrocement, as with other material depends largely upon its durability. Although the ferrocement has proven itself as an excellent material for low cost housing , reinforcement corrosion is one of the most important criterion governing durability of the ferrocement since the diameter of the wire meshes used in ferrocement are much smaller as compared to the conventional reinforced cement concrete.