HomeUrban NewsHyderabadHyderabad's Real Estate Prices Hold Steady

Hyderabad’s Real Estate Prices Hold Steady

Hyderabad has reaffirmed its status as the second most expensive residential real estate market in India, following Mumbai, according to the latest Affordability Index released by Knight Frank India. The current EMI-to-income ratio for Hyderabad stands at 30 percent, a figure that has remained stable since 2022. This consistent ratio reflects a relatively unchanged affordability landscape, suggesting that the city has maintained its attractiveness to potential homebuyers amidst rising property prices.

The Affordability Index tracks the proportion of a homeowner’s income allocated to Equated Monthly Installments (EMIs) for loans, providing insight into the financial viability of homeownership in various markets. While many regions across India have experienced fluctuations in affordability, Hyderabad has shown remarkable stability in this regard. Over the past decade, from 2010 to 2021, the city saw a slight improvement in affordability metrics, with a notable rise in 2022, which has since levelled off. This steady state is crucial, as it suggests that despite high property prices, buyers can manage their financial commitments effectively.

According to the Chairman and Managing Director of Knight Frank India, maintaining stable affordability is essential for sustaining homebuyer demand and sales momentum, which play a significant role in economic growth. With the Reserve Bank of India projecting a robust 7.2% GDP growth for FY 2025, alongside a stable interest rate environment, there is optimism that rising income levels and affordability will continue to support demand in the residential market throughout 2024. This financial confidence encourages potential buyers to commit to long-term investments in property, fostering a stable housing market.

RELATED ARTICLES
- Advertisment -spot_img

Most Popular

Recent Comments

Greater Noida Unveils 341-Unit Luxury Enclave With Focus On Green Living

Greater Noida Unveils 341-Unit Luxury Enclave With Focus On Green Living

0
Greater Noida is set to witness a new benchmark in ultra-premium housing with the launch of a ₹1,500 crore residential project featuring 341 luxury...
Pune Shapoorji Pallonji Targets Rs800 Crore From New Housing Project

Pune Shapoorji Pallonji Targets Rs800 Crore From New Housing Project

0
In Pune, Shapoorji Pallonji a leading real estate firm has announced the development of a new 5-acre residential project, 'VANAHA Verdant,' with an estimated...
Oberoi Realty Consortium Secures Rs 919 Crore Juhu Land Deal via NCLT Resolution

Oberoi Realty Consortium Secures Rs 919 Crore Juhu Land Deal via NCLT Resolution

0
A consortium led by Oberoi Realty has successfully secured a prime land parcel in Mumbai’s upscale Juhu locality for ₹919 crore through an NCLT-monitored...
Rustomjee Group Unveils Three Mumbai Redevelopment Projects Worth Rs 7,727 Crore

Rustomjee Group Unveils Three Mumbai Redevelopment Projects Worth Rs 7,727 Crore

0
Rustomjee Group launches three large-scale redevelopment initiatives worth ₹7,727 crore in Q1 of fiscal 2026. This move underscores the developer’s continued commitment to transforming the...
Bollywood Star Salman Khan Sells Bandra West Apartment For Rs 5.35 Crore

Bollywood Star Salman Khan Sells Bandra West Apartment For Rs 5.35 Crore

0
Bollywood actor Salman Khan has sold an apartment in the upscale Bandra West locality for Rs 5.35 crore, according to property registration documents reviewed...