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
Characteristic
2019
2021
2022
2023
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Knight Frank. (January 3, 2024). Affordability of housing across India from 2010 to 2023, by metropolitan area [Graph]. In Statista. Retrieved September 11, 2024, from https://www.statista.com/statistics/1032919/india-house-price-income-ratio/
Knight Frank. "Affordability of housing across India from 2010 to 2023, by metropolitan area." Chart. January 3, 2024. Statista. Accessed September 11, 2024. https://www.statista.com/statistics/1032919/india-house-price-income-ratio/
Knight Frank. (2024). Affordability of housing across India from 2010 to 2023, by metropolitan area. Statista. Statista Inc.. Accessed: September 11, 2024. https://www.statista.com/statistics/1032919/india-house-price-income-ratio/
Knight Frank. "Affordability of Housing across India from 2010 to 2023, by Metropolitan Area." Statista, Statista Inc., 3 Jan 2024, https://www.statista.com/statistics/1032919/india-house-price-income-ratio/
Knight Frank, Affordability of housing across India from 2010 to 2023, by metropolitan area Statista, https://www.statista.com/statistics/1032919/india-house-price-income-ratio/ (last visited September 11, 2024)
Affordability of housing across India from 2010 to 2023, by metropolitan area [Graph], Knight Frank, January 3, 2024. [Online]. Available: https://www.statista.com/statistics/1032919/india-house-price-income-ratio/
