Tag: rate

NEW DELHI: The increase in interest rates on home loans have affected the affordability of residential properties across all eight major cities during the first six months of this year, according to Knight Frank India.On Wednesday, real estate consultant Knight Frank India released its 'Affordability Index' for the top eight cities for the first six months of 2023 calendar year.The index tracks the EMI (Equated Monthly Instalment)-to-income ratio for an average household.It indicates the proportion of income that a household requires, to fund the EMI of a housing...