Mumbai Home Affordability Hits 15-Year Low: 47% Income Needed

• Mumbai home affordability drops to 47% of income, a 15-year low and first time below 50% threshold.
• RBI's aggressive 125 basis point rate cuts since February are a key driver for improved affordability.
• Seven of India's eight largest cities, except NCR, saw housing become more accessible in 2025.
• Ahmedabad is the most affordable market (18%), followed by Pune and Kolkata (22%).
• Income growth outpacing home prices, combined with lower interest rates, strengthens affordability.

Why It Matters: Mumbai's home affordability reaches a 15-year low, driven by RBI rate cuts and income growth.