Chennai, Ahmedabad, and Kolkata are among the most affordable cities for investment in the housing segment, while the Mumbai Metropolitan Region and Delhi are the least affordable, according to a recent report on housing affordability in major Indian cities.

The report noted that the property price-to-annual household income ratio (P/I Ratio) in India has increased from 6.6 in 2020 to 7.5 in 2024. Based on this ratio, Chennai (5), Ahmedabad (5), and Kolkata (5) are among the most affordable cities for residential investments, while the Mumbai Metropolitan Region (14.3) and Delhi (10.1) are the least affordable.

The report also highlighted that the EMI-to-monthly income ratio in India has risen from 46% in 2020 to 61% in 2024, indicating a growing burden of EMIs on home buyers and reflecting affordability concerns nationwide, especially in metro cities. The trend is more pronounced in MMR (116%), New Delhi (82%), Gurugram (61%), and Hyderabad (61%). In contrast, cities like Ahmedabad (41%), Chennai (41%), and Kolkata (47%) are relatively more affordable.

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