Home Purchase Affordability Index - April 2019

The Indian residential market derives its significance from a large population base and huge unmet housing needs across various urban centres. The urban housing shortage has been estimated at 10 million units by the National Housing Bank. Translation of housing need to demand depends on the following factors:

The Indian residential market derives its significance from a large population base and huge unmet housing needs across various urban centres. The urban housing shortage has been estimated at 10 million units by the National Housing Bank. Translation of housing need to demand depends on the following factors:

1. Affordable Pricing
2. Stable economy coupled with improving sentiment particularly with respect to job creation
3. Buyer's confidence in terms of project delivery which includes timelines, amenities, etc.

This report has delved into the first aspect of affordability across the top seven cities in India - Mumbai, Delhi NCR, Bengaluru, Chennai, Pune, Hyderabad and Kolkata