Mumbai Home Buying Easiest in 15 Years: Less Than 50% Income for EMI

• Buying a home in Mumbai is now the easiest in 15 years, requiring less than 50% of total earnings for EMI.
• Currently, only 47% of total earnings are needed for EMI, a significant drop from 93% in 2010, which was the most difficult period.
• This lower EMI-to-income ratio (below 50%) makes it easier for banks to approve home loans, especially for the middle class.
• Reduced repo rates by RBI (1.25% this year) and increased incomes relative to house prices have contributed to this ease.
• Ahmedabad is the easiest city for home buying (18% earnings for EMI), followed by Kolkata and Pune (22%). Delhi-NCR is 27-28%.

Why It Matters: Mumbai home ownership is now more accessible due to lower EMIs, rising incomes, and reduced interest rates.