July 3: Housing affordability remained largely unchanged across six of India’s eight major cities, indicating continued resilience in the residential real estate market despite evolving economic conditions, according to a recent industry report.
The report attributes the stable trend to steady income growth, relatively stable home loan rates, and balanced residential property prices in most urban markets. Together, these factors have helped preserve homebuying capacity for prospective buyers.
Although affordability moderated in two cities due to rising property prices and financing costs, the overall outlook for the housing sector remains positive. Demand continues to be driven primarily by end-users, supported by improving consumer sentiment and sustained interest in home ownership.
According to the report, stable affordability is expected to support continued growth in the residential real estate sector, with developers focusing on demand across both mid-income and premium housing segments.
