The most affordable residential cities in India are still Kolkata, Hyderabad, and Pune: JLL
According to the Home Purchase Affordability Index (HPAI) 2022 Report from real estate firm JLL, Mumbai has become just marginally less affordable while Kolkata, Hyderabad, and Pune continue to be India’s most affordable residential markets. However, as macroeconomic headwinds and inflationary pressures eat into family income and property prices rise while entry prices are still being fully communicated, JLL claimed that affordability categories are expected to continuously decline for 2022 and 2023. It was mentioned that the RBI’s increase in the price of the repo is just one of several factors that will lower affordability tiers.… Read more