Proportion of income to housing across India 2010-2023

Published by Sandhya Keelery, Aug 30, 2024

In 2023, Ahmedabad had the most affordable housing market of the eight biggest metropolitan areas in India with a proportion of 21 percent of income to monthly instalment of a housing unit. In Mumbai the affordability index was at 51 percent, the only city with higher than threshold affordability ratio set at 50 percent. However, the affordability index has significantly improved from pre-pandemic times in 2019 for many cities including Mumbai, Bengaluru and NCR.

Affordability of housing across India from 2010 to 2023, by metropolitan area

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Release date

January 2024

Region

India

Survey time period

2010 to 2023

Supplementary notes

"Knight Frank Affordability Index" equates monthly instalment (EMI) to income ratio in percentage.

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