Subhechcha Ganguly 
According to a recently released research by the well-known real estate advisory firm Knight Frank India, Mumbai, which is sometimes referred to as India’s financial capital, has acquired the title of the country’s most expensive city to live in.Hyderabad is the second-most costly city, according to the research, with an EMI-to-income ratio of 31%, followed by Delhi-NCR, which fetches a 30% ratio.With an EMI to income ratio of 28%, Chennai in Tamil Nadu and Bengaluru in Karnataka tie for fourth place. Kolkata in West Bengal and Pune in Maharashtra follow closely behind, both requiring an average of 26% of household income for home loan EMIs.
The government’s affordable housing programmes and regulatory reforms like the Real Estate (Regulation and Development) Act 2016 (Real Estate Regulatory Authority) RERA were crucial in reviving the market.This change has been facilitated by policies like the Credit Linked Subsidy Scheme (CLSS) and infrastructure status for affordable housing projects.
