The real estate boom has well and truly set in in Hyderabad and the latest financial reports and surveys are clearly suggesting the same.
The city has emerged as the second most expensive housing market in all of India and it is next only to Mumbai on this list.
As per this report, on average, individuals are having to pay 31% of their income for their housing EMIs for the first half of 2023.
This is next only to Mumbai, where the users are having to pay 55% of their income for housing EMIs.
In Delhi, the tally is at 30% and in Bengaluru and Chennai, it is at 28%.
This makes Hyderabad the second costliest housing market in the country and this speaks volumes about the real estate boom in the city. Affording a house hasn’t been this financial demanding in the recent past.