New Delhi: Should you rush to buy a home now or is India’s housing market heading for a reality check? Here’s the inside story, backed by eye-opening data.

Home prices up, affordability down: The harsh math

• Since 2020, Indian home prices have climbed an astonishing 9–10 per cent every year, far outpacing the average salary hike of just 5 per cent.

• In India’s top cities, price-to-income ratios have broken all records: In Mumbai it is 15 years’ income for a median home, while in Gurgaon up to 11 years and for super-prime addresses, it’s off the charts!

• Reality check: For some, it would take literally a lifetime 109 years’ salary for a Mumbai luxury flat!​

Where did affordable housing go?

In just two years, affordable home supply has collapsed:........

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