Ahmedabad India's most affordable housing market in H1CY22: Knight Frank

All markets decline in affordability due to rise in home loan rates

Of the top eight cities in the country, Ahmedabad was the most affordable for home buyers in the first half of calendar year 2022, finds Knight Frank India's latest proprietary study Affordability Index.

In terms of the home purchase affordability index, Ahmedabad improved from 46 per cent in 2010 to 25 per cent in 2019 and to 22 per cent in H1 of 2022. Ahmedabad's best performance was, however, at 20 per cent in 2021 with the affordability index improving post pandemic.

Following Ahmedabad are Pune and Chennai, at 26 per cent each, even as the Knight Frank India study