Delhi-NCR Home Buying Harder Despite Rate Cuts; Mumbai Easier: Report Shocks Experts

• RBI cut home loan rates by over 1% in 2025, yet Delhi-NCR home buying became tougher due to soaring property prices.
• Knight Frank India report reveals Mumbai's home affordability improved, while Delhi-NCR's worsened slightly from 27% to 28% EMI-to-income ratio.
• Ahmedabad remains the most affordable among top 8 cities at 18% EMI-to-income ratio, followed by Pune and Kolkata at 22%.
• Delhi-NCR was the only major market where affordability declined, driven by a 19% YoY price surge in Q3 2025, as per PropTiger.
• Despite the decline, Knight Frank states Delhi-NCR's homebuyer affordability is still within acceptable limits, not yet alarming.

Why It Matters: Despite RBI rate cuts, Delhi-NCR home affordability declined due to price hikes, unlike Mumbai's improvement.