India, June 24 -- The Reserve Bank of India's repo rate cut in H1 2025 has boosted housing affordability, particularly in Ahmedabad, Pune, and Kolkata, now ranked as the top three most affordable residential markets among eight Indian cities, according to Knight Frank India's Affordability Index.

Ahmedabad leads with an affordability ratio of 18%, followed by Pune at 22% and Kolkata at 23%. Mumbai remains the least affordable market with a ratio of 48%, though notably, it has dropped below the 50% threshold for the first time in the index's history.

In Mumbai, the affordability index improved by over 2 percentage points, from 50% in 2024 to 48% in H1 2025, marking the first time the city has dipped below the 50% threshold, which is cons...