In the first six months of 2024 (H1 2024), Hyderabad remained the second most expensive residential market in the country after Mumbai, revealed the Affordability Index Report released by Knight Frank India on Wednesday.
The Knight Frank Affordability Index indicates the proportion of income that a household requires to fund the monthly instalment (EMI) of a housing unit in a particular city. So, a Knight Frank Affordability Index level of 40% for a city implies that on an average, households in that city need to spend 40% of their income to fund the EMI of housing loan for that unit.
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