As to recent research by Magicbricks on housing affordability in major indian cities, hyderabad has experienced a spectacular 80 percent jump in home costs over the previous four years, matching a larger upward trend across India's real estate industry.
The property price-to-annual family income (P/I) ratio in india increased dramatically from 6.6 in 2020 to 7.5 in 2024, greatly above the internationally recognized guideline of 5. Since housing prices are rising faster than incomes, this spike indicates serious pressure on affordability.
With a P/I ratio of 5, Chennai, Ahmedabad, and kolkata are the cheapest cities for residential investments, while Hyderabad's real estate industry is still expanding. Conversely, with P/I ratios of 14.3 and 10.1, respectively, delhi and the mumbai Metropolitan Region (MMR) are the most expensive.
The EMI-to-monthly income ratio grew from 46% in 2020 to 61% in 2024, according to the research, further burdening homebuyers with mounting debt. This tendency has affected MMR, delhi, and hyderabad the most, while Ahmedabad, Chennai, and kolkata still provide more affordable choices.
The research does, however, indicate that the market could soon settle since it anticipates that a possible rise in residential supply would slow the rate of price increases and restore some equilibrium to the housing industry.
The property price-to-annual family income (P/I) ratio in india increased dramatically from 6.6 in 2020 to 7.5 in 2024, greatly above the internationally recognized guideline of 5. Since housing prices are rising faster than incomes, this spike indicates serious pressure on affordability.
With a P/I ratio of 5, Chennai, Ahmedabad, and kolkata are the cheapest cities for residential investments, while Hyderabad's real estate industry is still expanding. Conversely, with P/I ratios of 14.3 and 10.1, respectively, delhi and the mumbai Metropolitan Region (MMR) are the most expensive.
The EMI-to-monthly income ratio grew from 46% in 2020 to 61% in 2024, according to the research, further burdening homebuyers with mounting debt. This tendency has affected MMR, delhi, and hyderabad the most, while Ahmedabad, Chennai, and kolkata still provide more affordable choices.
The research does, however, indicate that the market could soon settle since it anticipates that a possible rise in residential supply would slow the rate of price increases and restore some equilibrium to the housing industry.
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