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Should you buy a house now before property prices soar or wait for home loan interest rates to drop?

A favourable wealth effect, driven by a sharp rise in the equity markets, is enticing many first-time homebuy ers to take the plunge, while affluent buyers are looking for second homes. If you are a fence-sitter, still unsure about when to buy a house, this market presents a big dilemma. Is it the right time to buy a house?

West bengalDeepanshu chhabraBadal yagnikMotilal oswalSamir jasujaRavi shankar singhJayesh rathodGodrej propertiesResidential transaction servicesGodrej zenithPurchase affordability indexPrincipal partnerSales directorKnight frank affordability indexKnight frank indiaAnuj puri

Despite Affordability Issues, Mumbai Continues To Scale New Heights In The Property Market

Despite Affordability Issues, Mumbai Continues To Scale New Heights In The Property Market
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Urban Duality: High Rents And Affordable Houses?

Urban Duality: High Rents And Affordable Houses?
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Houses have become more affordable across the 8 biggest Indian cities; how affordable are property prices in your city

Even though home loan rates are up and property prices are rising, houses have become more affordable across the eight biggest Indian cities, as per a study by Knight Frank India.

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Want a house that fits in your budget? 5 most affordable cities in India to buy home now

According to the Affordability Index, Ahmedabad has emerged as the most affordable housing market in the country among major cities. Affordability Index indicates the proportion of income that a household requires to fund the EMI of a housing unit in a particular city. Thus, an affordability index level of 40% for a city implies that on average, households in that city need to spend 40% of their income to fund the EMI of a home loan for a unit. Check the full list of affordable cities in India.

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