Ahmedabad has retained its title as the most affordable major city in India for housing since 2019, according to a recent report by real estate consultancy Knight Frank India.
The company’s Affordability Index, which measures the ratio of equated monthly instalment (EMI) to income for an average household, revealed that in Ahmedabad, 21% of a person’s income is required to repay a home loan. Pune and Kolkata follow closely at 24% each.