HYDERABAD is the second most expensive residential market in the country after Mumbai, according to Knight Frank India's proprietary report, Affordability Index. The affordability index of the city has remained unchanged at 30% for three years (2022, 2023 and 2024).
Knight Frank India's Affordability Index tracks the EMI (Equated Monthly Installment) to income ratio for an average household. This implies that on an average a household in Hyderabad needs to spend 30% of its income on payment of EMI for housing loan.
This story is from the December 28, 2024 edition of The Morning Standard.
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This story is from the December 28, 2024 edition of The Morning Standard.
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