In Mumbai, You’ll Need to Spend 48% of Your Salary on EMI to Afford a Home

Knight Frank India’s 2025 Affordability Index reveals that Mumbai homebuyers need to spend 48% of their salary on EMI — the highest among Indian cities, despite slight improvement due to RBI rate cuts.

Mumbai Sees 6% Residential Price Surge

Mumbai’s residential prices rose 6% in Q1 2025, leading the national real estate market. According to a real estate research and brokerage firm, despite rising costs, cities like Mumbai, Pune, and Chennai recorded strong sales, driven largely by premium and luxury housing demand.