Affordability of housing at best in 2016: HDFC
The average housing property value and the average income of homebuyers have both risen to record high levels of ₹50 lakh and ₹12 lakh respectively this year, according to mortgage major HDFC. This has led to the lowest-ever affordability ratio- the average property price divided by the annual income, where a low ratio means higher affordability of purchasing a house. 