Hyderabad's residential real estate market remains the most costly in india, after only Mumbai's. The property firm Knight Frank India's Affordability Index states that Hyderabad's EMI-to-income ratio is 30%.
 
Residential real estate market in hyderabad sees no change in affordability
Hyderabad is still the second most costly market in the nation, but affordability hasn't altered since 2022 since the EMI-to-income ratio hasn't moved in the last two years.
 
Affordability, or the EMI-to-income ratio, improved from 2010 and 2021 and then slightly increased in 2022. It hasn't changed in hyderabad since then.
 
The EMI-to-income ratios for some indian cities are listed below.
According to Knight Frank india Chairman and Managing director Shishir Baijal, "Stable affordability is essential to sustaining homebuyer demand and sales momentum, which, in turn, acts as a key economic driver for the country." Baijal was speaking about the affordability index. End-users' financial confidence is greatly enhanced when income levels rise and economic growth picks up, which motivates them to devote longer-term funds towards asset building. A steady interest rate environment combined with the RBI's robust 7.2% GDP growth prediction for FY 2025 means that income and affordability levels could sustain homebuyer demand in 2024.

Top choice for NRIs
Hyderabad's real estate market has become popular with NRIs even though it is the second most costly in all of India.
 
Housing in hyderabad is preferred by a sizable portion of NRIs who live in the US, Canada, the gulf, Europe, etc.
 
While real estate investments yield higher returns than equities and mutual funds, NRIs are more likely to buy properties in desirable cities such as hyderabad, Bengaluru, and Delhi-NCR.
 
Their COVID-19 experience is among the factors contributing to this. Numerous individuals, particularly those employed in gulf nations, were forced to return to india due to job loss during the epidemic.
 

 
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G GOWTHAM

08/08/2024 08:10 AM