The report that tracked the EMI to Income ratio for an average household has showed that the prices of homes have become less affordable in 8 cities
Ahmedabad is the most affordable housing market among the top 8 cities with an average household paying 23% of its income in EMI
The City of Joy in eastern India has households paying 26% of its income in EMI
Like Kolkata, an average household in Pune pays 26% of its income in EMI
In India's IT hub, an average household pays 28% of its income in EMI
Homeowners in Chennai pay 28% of their income in EMI
An average household in India's capital pay 30% of its income in EMI
In Hyderabad an average household pays 31% of its income in home EMI
In this costliest Indian city, an average household pays 55% of its total income in EMI. The ratio over 50% is considered unaffordable