{"id":1277506,"date":"2024-01-04T10:20:36","date_gmt":"2024-01-04T04:50:36","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1277506"},"modified":"2024-01-04T10:20:52","modified_gmt":"2024-01-04T04:50:52","slug":"these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/","title":{"rendered":"These Are India’s Most Affordable Cities To Buy A House; Mumbai, Hyderabad Most Expensive Cities"},"content":{"rendered":"\n

There is a bright light in the housing affordability space in India since the parameters, as per the data by Knight Frank India’s Affordability Index, have improved.<\/p>\n\n\n\n

\"These<\/figure>\n\n\n\n

Though cities like Mumbai and Hyderabad continue to be out of reach<\/a> of the common man by being expensive, it is the cities like Ahmedabad and Kolkata which stood out as more affordable options.\u00a0<\/p>\n\n\n\n

Speaking of the national capital, Delhi too has shown improvement in the affordability. The increased affordability, as per the Knight Frank India’s Affordability Index, can be attribute to the factors which include moderation in inflation and declining interest rates.<\/p>\n\n\n\n

Notably, the International Property Consultant also suggests that this trend is expected to continue in 2024.<\/p>\n\n\n\n

Ahmedabad\u2019s EMI to Income Ratio at 21%, Pune and Kolkata Follow Suit<\/strong><\/p>\n\n\n\n

The Manchester of India, Ahmedabad is leading the pack with a EMI to income ratio of 21%.<\/p>\n\n\n\n

Following in the list are the cities of Pune & Kolkata with the EMI to income ratio of 24% each. What is noteworthy is the improvement of affordability of Kolkata since 2019.<\/p>\n\n\n\n

Affordability Trends: Mumbai Sees Improvement, Hyderabad Holds Steady, and Positive Shifts in NCR and Bengaluru<\/strong><\/p>\n\n\n\n

The maximum city, Mumbai tops the chart of being the most expensive residential market as the affordability ratio for the city remains beyond 50%. However, from 2022 to 2023, it has witnessed a 2% improvement in the affordability.<\/p>\n\n\n\n

Next to Mumbai in the most expensive list is the city of pearls, Hyderabad. Not only is it the second most expensive real estate market but also it has unchanged affordability of 30% and an increase of 11% in home prices in 2023.<\/p>\n\n\n\n

On the other side, though being on the expensive side itself, the National Capital Region (NCR) and Bengaluru have shown improvements when it comes to affordability from 2022 to 2023.<\/p>\n\n\n\n

Further improvements in affordability can be seen particularly if the Reserve Bank of India (RBI) decreased the repo rate, which would translate the reduction in home loan interest rates, said Chairman & MD of Knight Frank India, Shishir Baijal.<\/p>\n\n\n\n

The Knight Frank Affordability Index assesses the proportion of a household’s income required to fund the monthly EMI for a housing unit, considering an EMI\/income ratio above 50% as unaffordable, as beyond this point, banks are hesitant to underwrite mortgages.<\/p>\n","protected":false},"excerpt":{"rendered":"

There is a bright light in the housing affordability space in India since the parameters, as per the data by Knight Frank India’s Affordability Index, have improved. Though cities like Mumbai and Hyderabad continue to be out of reach of the common man by being expensive, it is the cities like Ahmedabad and Kolkata which […]<\/p>\n","protected":false},"author":26,"featured_media":1277511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4323,4324,197],"class_list":["post-1277506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-affordable-houses","tag-ahmedabad","tag-pune"],"acf":[],"yoast_head":"\nThese Are India's Most Affordable Cities To Buy A House; Mumbai, Hyderabad Most Expensive Cities - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"These Are India's Most Affordable Cities To Buy A House; Mumbai, Hyderabad Most Expensive Cities - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"There is a bright light in the housing affordability space in India since the parameters, as per the data by Knight Frank India’s Affordability Index, have improved. Though cities like Mumbai and Hyderabad continue to be out of reach of the common man by being expensive, it is the cities like Ahmedabad and Kolkata which […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-04T04:50:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-04T04:50:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-9-3.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rohit Kulkarni\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rohit Kulkarni\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/\",\"url\":\"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/\",\"name\":\"These Are India's Most Affordable Cities To Buy A House; Mumbai, Hyderabad Most Expensive Cities - Trak.in - Indian Business of Tech, Mobile & Startups\",\"isPartOf\":{\"@id\":\"https:\/\/trak.in\/stories\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-9-3.jpeg\",\"datePublished\":\"2024-01-04T04:50:36+00:00\",\"dateModified\":\"2024-01-04T04:50:52+00:00\",\"author\":{\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/4486219a5d31e657b529e6e874cead8b\"},\"breadcrumb\":{\"@id\":\"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/#primaryimage\",\"url\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-9-3.jpeg\",\"contentUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-9-3.jpeg\",\"width\":1000,\"height\":465},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trak.in\/stories\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"These Are India’s Most Affordable Cities To Buy A House; Mumbai, Hyderabad Most Expensive Cities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trak.in\/stories\/#website\",\"url\":\"https:\/\/trak.in\/stories\/\",\"name\":\"Trak.in - Indian Business of Tech, Mobile & Startups\",\"description\":\"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trak.in\/stories\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/4486219a5d31e657b529e6e874cead8b\",\"name\":\"Rohit Kulkarni\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/52ba60e3a61a3517cad7b5dd6bce76c6e7a4d8b337f4240839e8737c4ab8b1bb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/52ba60e3a61a3517cad7b5dd6bce76c6e7a4d8b337f4240839e8737c4ab8b1bb?s=96&d=mm&r=g\",\"caption\":\"Rohit Kulkarni\"},\"url\":\"https:\/\/trak.in\/stories\/author\/rohit-kulkarni\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"These Are India's Most Affordable Cities To Buy A House; Mumbai, Hyderabad Most Expensive Cities - Trak.in - Indian Business of Tech, Mobile & Startups","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/","og_locale":"en_US","og_type":"article","og_title":"These Are India's Most Affordable Cities To Buy A House; Mumbai, Hyderabad Most Expensive Cities - Trak.in - Indian Business of Tech, Mobile & Startups","og_description":"There is a bright light in the housing affordability space in India since the parameters, as per the data by Knight Frank India’s Affordability Index, have improved. Though cities like Mumbai and Hyderabad continue to be out of reach of the common man by being expensive, it is the cities like Ahmedabad and Kolkata which […]","og_url":"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/","og_site_name":"Trak.in - Indian Business of Tech, Mobile & Startups","article_published_time":"2024-01-04T04:50:36+00:00","article_modified_time":"2024-01-04T04:50:52+00:00","og_image":[{"width":1000,"height":465,"url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-9-3.jpeg","type":"image\/jpeg"}],"author":"Rohit Kulkarni","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Rohit Kulkarni","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/","url":"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/","name":"These Are India's Most Affordable Cities To Buy A House; Mumbai, Hyderabad Most Expensive Cities - Trak.in - Indian Business of Tech, Mobile & Startups","isPartOf":{"@id":"https:\/\/trak.in\/stories\/#website"},"primaryImageOfPage":{"@id":"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/#primaryimage"},"image":{"@id":"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/#primaryimage"},"thumbnailUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-9-3.jpeg","datePublished":"2024-01-04T04:50:36+00:00","dateModified":"2024-01-04T04:50:52+00:00","author":{"@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/4486219a5d31e657b529e6e874cead8b"},"breadcrumb":{"@id":"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/#primaryimage","url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-9-3.jpeg","contentUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-9-3.jpeg","width":1000,"height":465},{"@type":"BreadcrumbList","@id":"https:\/\/trak.in\/stories\/these-are-indias-most-affordable-cities-to-buy-a-house-mumbai-hyderabad-most-expensive-cities\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trak.in\/stories\/"},{"@type":"ListItem","position":2,"name":"These Are India’s Most Affordable Cities To Buy A House; Mumbai, Hyderabad Most Expensive Cities"}]},{"@type":"WebSite","@id":"https:\/\/trak.in\/stories\/#website","url":"https:\/\/trak.in\/stories\/","name":"Trak.in - Indian Business of Tech, Mobile & Startups","description":"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trak.in\/stories\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/4486219a5d31e657b529e6e874cead8b","name":"Rohit Kulkarni","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/52ba60e3a61a3517cad7b5dd6bce76c6e7a4d8b337f4240839e8737c4ab8b1bb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/52ba60e3a61a3517cad7b5dd6bce76c6e7a4d8b337f4240839e8737c4ab8b1bb?s=96&d=mm&r=g","caption":"Rohit Kulkarni"},"url":"https:\/\/trak.in\/stories\/author\/rohit-kulkarni\/"}]}},"jetpack_featured_media_url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-9-3.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1277506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/comments?post=1277506"}],"version-history":[{"count":1,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1277506\/revisions"}],"predecessor-version":[{"id":1277512,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1277506\/revisions\/1277512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media\/1277511"}],"wp:attachment":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media?parent=1277506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/categories?post=1277506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/tags?post=1277506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}