The Times of India

Mumbai remains India's least affordable housing market despite lower home loan rates

Mumbai remains India's least affordable housing market, with homebuyers dedicating 69% of income to loan repayments, despite monetary easing. Knight Frank India's report highlights that high property prices have negated the benefits of lower interest rates. While other major cities show improved affordability, MMR and NCR continue to exceed the 50% benchmark, signaling challenges for prospective buyers in these regions.