India's housing affordability worsens as Mumbai remains least affordable

Photo taken on July 12, 2019 shows buildings under construction in Mumbai, India. India's financial capital Mumbai's residential asset remains the least affordable in the country as the nation's housing affordability has worsened over the past four years, the findings of the nation's Central Bank released said late on Thursday. Buyers of residential property in Mumbai now pay 43.3 percent of their income as equitable monthly installment (EMI) for the home loan as compared to 42.6 percent of their income in March 2015. (Str/Xinhua)