Looking For Home? Know Which City Is Most Affordable In India
2 years, 6 months ago

Looking For Home? Know Which City Is Most Affordable In India

News 18  

Even as the real estate market is seeing an uptick after two years of lull due to the coronavirus pandemic, demand for housing has been on the rise for the past few months. From 93 per cent in 2010, the home purchase affordability index improved to 66 per cnet in 2019. From 53 per cent in 2010, the home purchase affordability index improved to 34 per cent in 2019. From 39 per cent in 2010, Pune’s home purchase affordability index improved to 28 per cent in 2019. Chennai: From 51 per cent in 2010, the home purchase affordability index improved to 29 per cent in 2019.

India City Index Affordability Knight Frank Cent 2019 Rbi Ncr 2022 Emi Purchase Affordable Improved 2010  2019  purchase  2010  looking  improved  h1  cent  affordable  affordability  index  city  2022  know  india

History of this topic

Delhi NCR beats Bengaluru, Mumbai in residential price growth; leads housing price index
2 weeks, 4 days ago

Delhi NCR beats Bengaluru, Mumbai in residential price growth; leads housing price index

Hindustan Times  

Driven by strong end-user demand and investor interest, the Delhi National Capital Region has shown significant appreciation in residential prices with a Housing Price Index of 178 between June to September, a joint study by Housing.com and the Indian School of Business on December 23 showed. Delhi National Capital Region has shown significant appreciation in residential prices with a Housing …

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report
1 month ago

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report

ABP News  

India saw the sale of 2.3 lakh homes valued at Rs 3.8 trillion in the first nine months of 2024, with an average sale price of Rs 1.64 crore per apartment, driven mainly by premium projects, particularly in Delhi NCR, according to global real estate consultancy firm JLL. “With capital values surging and being at an all-time high, close to …

Year-ender 2024: Housing sales across 7 cities including Delhi NCR, Mumbai, Bengaluru expected to touch 3.05 lakh units
1 month ago

Year-ender 2024: Housing sales across 7 cities including Delhi NCR, Mumbai, Bengaluru expected to touch 3.05 lakh units

Hindustan Times  

Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. Year-ender 2024: Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. …

Rate cuts may help optimize home affordability, Kolkata most affordable housing market
1 month, 2 weeks ago

Rate cuts may help optimize home affordability, Kolkata most affordable housing market

Hindustan Times  

Most real estate markets across the country, especially Mumbai and Pune are expected to approach optimal affordability levels by 2025 with a projected interest rate cut on the horizon, while Kolkata is set to maintain its status as the most affordable market, potentially hitting new peaks, according to JLL’s Home Purchase Affordability Index. Rate cuts may help optimize home affordability …

Mumbai and Delhi among top APAC cities to record highest price growth in the luxury housing segment
1 month, 2 weeks ago

Mumbai and Delhi among top APAC cities to record highest price growth in the luxury housing segment

Hindustan Times  

Mumbai and Delhi-NCR are among the top cities in the Asia Pacific region to record the highest annual price growth in the luxury housing segment. Mumbai and Delhi are among the top cities in the Asia Pacific region to record the highest annual price growth in the luxury housing segment. The average price for the prime residential market in the …

Affordable Cities in India in 2024: The Least and the Most
3 months, 4 weeks ago

Affordable Cities in India in 2024: The Least and the Most

The Hindu  

Affordable Cities in India in 2024: Finding an affordable city in India can be a game-changer, especially in 2024 when the cost of living has been varying significantly. 2024: The Most Affordable Cities in India A recent analysis was done by a market source investigating the price-to-income ratio and the EMI-to-income ratio in various cities of the country. According to …

THESE cities are most affordable for housing investments: Check list here
4 months ago

THESE cities are most affordable for housing investments: Check list here

India TV News  

Proptech firm Magicbricks, in its latest report - 'Housing Affordability in Major Indian Cities' - showed that Chennai, Ahmedabad and Kolkata are among the most affordable cities for investment in the housing segment. "Chennai, Ahmedabad, and Kolkata are among the most affordable cities for residential investments in 2024, while the Mumbai Metropolitan Region and Delhi emerged as the least affordable," …

Delhi-NCR real estate market: Affordable housing sales share dips to 24% in H1 2024, luxury sales touch 45%
5 months, 1 week ago

Delhi-NCR real estate market: Affordable housing sales share dips to 24% in H1 2024, luxury sales touch 45%

Hindustan Times  

Out of NCR's total housing sales of approximately 32,200 units in H1 2024, over 45% share was in the luxury segment, and 24% in the affordable segment. Gurugram saw the highest luxury sales in Delhi-NCR at approximately 10,365 units, followed by Noida and Greater Noida together at 3,550 units Of the total luxury sales in NCR in H1 2024, Gurugram …

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales
6 months ago

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales

Business Standard  

India's residential real estate market is experiencing a surge in activity, fueled by a robust economy and growing demand for luxury living. A new report by Knight Frank, titled "India Real Estate: Residential and Office, revealed that the first half of 2024 witnessed a significant jump in residential unit sales across India's top eight cities, including Mumbai, Delhi-NCR, Bengaluru, Pune, …

Mumbai up 11 notches in global cost of living ranking; Delhi rises 4 spots, Chennai & Bengaluru drop: Check standings
6 months, 3 weeks ago

Mumbai up 11 notches in global cost of living ranking; Delhi rises 4 spots, Chennai & Bengaluru drop: Check standings

Live Mint  

Mumbai continued to be the most expensive city in India for expatriates, as per Mercer's 2024 Cost of Living Survey released on June 17. Despite Mumbai's rise in rankings, the overall affordability of Indian cities remains a key advantage for multinational organisations or Indian companies looking to attract global talent.” Among the cities in Asia, Mumbai is now the 21st …

Housing sales makes new peak in 2023
1 year ago

Housing sales makes new peak in 2023

Deccan Chronicle  

Chennai: Housing sales in the top 7 cities have created a new peak in 2023, increasing 31 per cent over the previous year. Around 4,76,530 housing units were sold in 2023 in the top 7 cities, against 3,64,870 units in 2022 – 31 per cent increase. In terms of supply, around 4,45,770 new units were launched in 2023 against 3,57,640 …

Having your own four walls gets easier as home affordability improves in cities
1 year ago

Having your own four walls gets easier as home affordability improves in cities

Live Mint  

Affordability Index: For many aspiring homeowners in India's bustling metropolises, the dream of owning four walls of their own has long felt like a distant mirage shimmering in the heat. According to the Knight Frank Affordability Index, the EMI-to-income ratio for households across major Indian cities has improved significantly since 2019 and, even improved from last year's performance. Further, if …

Affordability to buy home to rise to a three-year high in 2024, on expectations of interest rate cuts
1 year ago

Affordability to buy home to rise to a three-year high in 2024, on expectations of interest rate cuts

Hindustan Times  

The affordability for home purchases is expected to improve for the better in 2024, basis the expectation of a 60-80 bps repo rate cut during the year, says JLL’s report on the Home Purchase Affordability Index. JLL Home Purchase Affordability Index signifies whether a household earning an average annual income is eligible for a housing loan on a property in …

Mumbai, Delhi & Bengaluru among cities with highest annual rise in property rates
1 year, 2 months ago

Mumbai, Delhi & Bengaluru among cities with highest annual rise in property rates

Hindustan Times  

The year-on-year growth in average annual prices of prime residential or luxury homes in three Indian cities was among highest in the world, with each city ranking in top 20 out of 46 cities analysed by real estate consultant Knight Frank India in its ‘Prime Global Cities Index’ for Q3 2023. Higher rates mean we have moved into a world …

Mumbai, Bengaluru secure 19th, 22nd positions globally in housing price appreciation: Report
1 year, 2 months ago

Mumbai, Bengaluru secure 19th, 22nd positions globally in housing price appreciation: Report

Hindustan Times  

Indian cities Mumbai and Bengaluru jumped from 95th and 77th positions to 19th and 22nd positions, respectively, on a global index measuring housing price appreciation in the second quarter of this year, that is from April to June, according to a report from real estate consultancy firm Knight Frank. The growth in residential prices in 107 cities across the globe …

Housing prices rose across 43 cities in Q1 of FY24: Report
1 year, 4 months ago

Housing prices rose across 43 cities in Q1 of FY24: Report

Hindustan Times  

Housing prices rose in 43 cities in the first quarter of 2023-24, while the rates of residential units fell in seven cities, according to National Housing Bank. Eight key primary residential markets -- Ahmedabad witnessed a 9.1 per cent appreciation in property prices while Bengaluru 8.9 per cent and Kolkata 7.8 per cent during the April-June 2023 period. READ | …

EMIs Of Homebuyers Rise Over 20 Per Cent In Two Years In Affordable Housing Segment
1 year, 5 months ago

EMIs Of Homebuyers Rise Over 20 Per Cent In Two Years In Affordable Housing Segment

ABP News  

Affordable housing in India suffered the most due to the Covid-19 pandemic, and unlike the other segments, has not recovered in the past two years. According to their report, the share of affordable housing in overall sales in H1 2023 shrunk to 20 per cent, an 11 per cent decrease against the corresponding period in 2022. The mounting desolation is …

Residential sales in eight cities second highest in a decade in H1 2023
1 year, 6 months ago

Residential sales in eight cities second highest in a decade in H1 2023

Hindustan Times  

MUMBAI: The residential sales in the top eight cities touched 1.56 lakh units in the first half of 2023, the second highest in a decade, said the half yearly report on real estate released by international property consultants Knight Frank on Tuesday. HT Image The luxury segment homes priced above ₹1 crore grew from 25% in H1 2022 to 30% …

Luxury property prices up 8-10%, Delhi NCR, Mumbai top list: Report
1 year, 11 months ago

Luxury property prices up 8-10%, Delhi NCR, Mumbai top list: Report

Hindustan Times  

Prices of luxury properties appreciated by 8-12 per cent during the last year across major cities and has breached the 2015 peak level, according to India Sotheby's International Realty. Delhi's India Gate and Mumbai's Marine Drive In its annual 'Luxury Outlook Survey 2023', India Sotheby's International Realty revealed that 61 per cent of High-Net-worth Individuals and Ultra High-Net-worth Individuals are …

Hyderabad, NCR, and Bengaluru top NRI housing wish list: Survey
2 years, 2 months ago

Hyderabad, NCR, and Bengaluru top NRI housing wish list: Survey

Live Mint  

A depreciating rupee and the continuing buoyancy in the Indian residential real estate market are significant draws for non-resident Indians to invest in their country of origin. The latest CII-ANAROCK Consumer Sentiment Survey showed that Hyderabad, National Capital Region, and Bengaluru are NRIs‘ top picks for housing investment. While domestic homeownership sentiment remains strong despite hardening home loan interest rates …

Bengaluru ranks fourth among most expensive real estate markets in India: Report
2 years, 2 months ago

Bengaluru ranks fourth among most expensive real estate markets in India: Report

Hindustan Times  

Bengaluru is the fourth most expensive real estate market in the country, according to a report by consultancy firm Knight Frank that established an 'affordability index' for the third quarter of this calendar year. READ | Bengaluru sees highest appreciation in average housing prices for Jul - Sept The hike in repo rate also led to a rise in median …

Hyderabad sees highest demand for luxury houses in percentage terms
2 years, 7 months ago

Hyderabad sees highest demand for luxury houses in percentage terms

Deccan Chronicle  

Hyderabad: Continuing the post-Covid trend of living life like a king, people have shifted their preference from affordable housing to mid-end and high-end houses. This is very evident from analysing buyer behaviour in the top seven cities in the last fiscal year FY21-22 — nearly 80 per cent of the demand is for mid-end and high-end homes, with the affordable …

How much does a house cost in Mumbai?
5 years, 4 months ago

How much does a house cost in Mumbai?

Live Mint  

A house is probably the biggest spend for most Indians. And with urban population increasing manifold, buying a house in a large city, which is where most jobs are likely to be, has become difficult—the first and foremost obstacle being the cost of the property. Unlike the share market where you can see the price of a particular share on …

Housing affordability worsened over past 4 years, Mumbai remains least affordable city: RBI survey
5 years, 5 months ago

Housing affordability worsened over past 4 years, Mumbai remains least affordable city: RBI survey

Firstpost  

The RBI has been conducting a quarterly Residential Asset Price Monitoring Survey since July 2010 on housing loans disbursed by select banks and housing finance companies across 13 cities. Mumbai: A Reserve Bank of India survey on Thursday showed that housing affordability has worsened in four years with Mumbai being the least affordable. “Housing affordability worsened over the past 4 …

Housing price: Bhubaneswar most affordable city in India, says RBI survey
5 years, 5 months ago

Housing price: Bhubaneswar most affordable city in India, says RBI survey

Live Mint  

Bhubaneswar most affordable city in India in terms of Median House Price to Monthly Income while Mumbai remains the least affordable, according to Reserve Bank of India latest quarterly residential asset price survey. The RBI has been conducting a quarterly residential asset price monitoring survey since July 2010 on housing loans disbursed by select banks/ housing finance companies 1 across …

Mumbai sees biggest decline in home sizes, rise in affordability
5 years, 10 months ago

Mumbai sees biggest decline in home sizes, rise in affordability

Live Mint  

Bengaluru: Mumbai, India’s most expensive property market, showed the maximum improvement in affordability among top eight cities, along with a reduction in average home sizes since 2010, property advisory Knight Frank India’s latest Affordability Index showed. The fall in home prices to income ratio in all eight cities, including Mumbai, NCR, Bengaluru, Kolkata, Chennai, Ahmedabad, Hyderabad and Pune, signals rising …

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