The cumulative 50 bps rate hike by the RBI has decreased home purchase affordability on an average by 2 percent across markets and increased EMI load by 7.4 percent
Mumbai is the most expensive residential market in the country followed by Hyderabad and Delhi-NCR. Ahmedabad continued to remain the most affordable housing market amongst the top eight cities, with a ratio of 22 percent followed by Pune at 26 percent and Chennai at 27 percent, said Knight Frank India’s Affordability Index for Q3 2022.
https://www.moneycontrol.com/news/business/real-estate/mumbai-most-expensive-housing-market-in-the-country-ahmedabad-most-affordable-report-9310781.html
Source: Money Control
