India, July 12 -- A Reserve Bank survey Thursday showed that housing affordability has worsened in four years with Mumbai being the least affordable.
The RBI has been conducting a quarterly Residential Asset Price Monitoring Survey (RAPMS) since July 2010 on housing loans disbursed by select banks and housing finance companies (HFCs) across 13 cities.
"Housing affordability worsened over the past 4 years as the house price-to-income (HPTI) ratio increased from 56.1 in March 2015 to 61.5 in March 2019," the RBI said while releasing the survey.
Mumbai remains the least affordable city in India, while Bhubaneswar remains the most affordable city.
It further said the movement of median loan-to-income (LTI) ratio also confirms worsening hous...