New Delhi, Dec 3 || India’s fast-rising incomes have made buying a home far more affordable over the past decade and a half, with the country’s price-to-income ratio dropping sharply from 88.5 in 2010 to 45.3 in 2025, a new report said on Wednesday.
As average income levels have grown more than fourfold -- rising at around 10 per cent annually -- housing prices have increased at a much slower pace of 5–7 per cent a year, data compiled by Colliers India showed.
This widening gap has significantly improved the ability of Indian families to purchase homes across major cities.
This improvement comes despite the residential sector experiencing several ups and downs caused by policy changes, economic shocks and new regulations, the report said.
Over the past two decades, the market has navigated through major developments such as PMAY, demonetisation, RERA, the NBFC crisis, SWAMIH funding support, and GST implementation.