Hyderabad has secured the second spot as the most expensive housing market in the country in terms of EMI (Equated Monthly Instalment) to income affordability ratio, according to the Affordability Index by Knight Frank India. Hyderabad's real estate market has been trending upward for some time, and in a not-so-surprising development, hyderabad is currently ranked second among the nation's "most expensive housing markets." hyderabad is the second most expensive housing market in india in terms of the EMI (Equated Monthly Instalment) to income affordability ratio, according to Knight Frank India's Affordability Index.
The index calculates the percentage of household income required to cover a housing unit's monthly EMI. The housing market in hyderabad has a ratio of 31% in the first half of 2023. It went up from the 20 percent noted in 2022. In the meantime, mumbai City remained India's most expensive housing market, and the percentage increased to 55% in 2023 from 52% in 2021. Ahmedabad, with a 23 percent ratio, came in first among the top eight cities for housing affordability, followed by kolkata and Pune, each with a 26 percent ratio.
The analysis provided by Knight Frank’s Affordability Index spans a decade, highlighting the changes in EMI to income ratios. Between 2010 and H1 2023, Hyderabad’s ratio progressed as follows: 47 percent in 2010, 34 percent in 2019, 31 percent in 2020, 28 percent in 2021, 30 percent in 2022, and 31 percent in H1 2023. 
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18/08/2023 08:19 AM