Mumbai Home Buying Cheapest in 15 Years: Affordability Soars Across India

• Mumbai home affordability drops to 47% of family income, lowest in 15 years and first time below 50%.
• Affordability improved in 8 major Indian cities in 2025, driven by RBI interest rate cuts and faster income growth.
• Ahmedabad is India's most affordable housing market (18%), followed by Pune and Kolkata (22%).
• NCR saw a slight dip in affordability to 28% due to premium segment launches, but remains below 50%.
• Favorable conditions, including low interest rates and strong GDP growth, are expected to continue into 2026.

Why It Matters: Home buying in Mumbai is the cheapest in 15 years, with affordability improving across major Indian cities.