Due to an increase in home loan interest rates and property prices in 2023, Hyderabad's real estate market grew more expensive. mumbai became the most unaffordable real estate market in 2023, according to Knight Frank's Affordability Index, as the average home loan EMI for a household there is 55 percent of income. The most affordable real estate, however, can be found in Ahmedabad, Gujarat, where the ratio of home loan EMI to income is merely 23%.

Home loan EMI to income percent in Hyderabad’s real estate
The home loan EMI to income ratio in Hyderabad's real estate market is 31% in 2023, which is an improvement from affordability in 2019. The ratio of home loan EMI to income in the year before to the pandemic's onset was 34. Due to the high house loan to income ratio, Hyderabad's real estate market remains the second most unaffordable. The ratio is 30% in the National capital Region (NCR), whereas it is just 28% in chennai and Bengaluru.

Top Choice for NRIs
Hyderabad's real estate market has become a top pick for NRIs despite being the second most costly in India. Housing in hyderabad is preferred by a sizable portion of NRIs who live in the US, Canada, the gulf, Europe, etc.

Despite the fact that investments in stocks and mutual funds yield higher returns than those made in the real estate market, NRIs are more likely to buy properties in prestigious cities like hyderabad, Bengaluru, and Delhi-NCR. This is due in part to their COVID-19 experience, among other things. Many of them, particularly those who were employed in the gulf states, were forced to return to india as a result of the epidemic losing their employment.
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SIBY JEYYA

17/08/2023 11:41 AM