MUMBAI: Property consultancy Knight Frank 's latest proprietary Affordability Index, which tracks the EMI to income ratio for an average household, has shown improvement in housing affordability over the last decade. A decline in house prices coupled with low home loan interest rates have helped improve housing affordability in 2020, it said. According to the report, among the top eight cities, Ahmedabad is the most affordable housing market in India with an affordability ratio of 24%. “Although few super premium projects saw significant discounts and non-premium segments saw marginal price-cuts initially, currently no significant discounts being offered. However, they do not expect the overhang of high inventory pile to ease soon.

Source: Mint January 01, 2021 04:30 UTC