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59,041 Views • Jul 12, 2024 • Click to toggle off description
The Price to Income Ratio is an accepted measure of the average price of a house compared to the average income of a resident...
Ideally, as per rules of Personal Finance, I would recommend that you not get a house that’s more than 6 times your annual income...
but real estate is becoming so unaffordable for the masses that I’ll just leave you with some data, and you can take your pick...
The average for India at the moment comes to 11 years of annual income to afford a 3BHK
Mumbai - 33
Kochi - 21
Thane - 17
Bhopal - 15
Chandigarh - 14
Nagpur - 13
Delhi - 11
Coimbatore - 10.5
Dehradun - 10.5
Goa - 10
Chennai - 9
Mohali - 9
Indore - 8.5
Kolkata - 8.5
Surat - 8.5
Bhubaneswar - 8
Ahmedabad - 8
Noida - 8
Gurgaon - 7.6
Jaipur - 6.5
Bangalore - 6.5
Pune - 6
Hyderabad - 5
Now rather than asking you to pick cities where the Price to Income Ratio is 8 or below... I’d say if you’re at an age below 35... try and upskill so hard that your income increases faster than the rise in prices.
And in the same breath, while it may be counter-intuitive, but if it’s not a house to live in, but as an investment, it makes sense to invest it just in the NIFTY 50 Index or ETF to give you much better returns with lower risk over the next 10-15 years.
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A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.
Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of '17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age of 23 years.
Views : 59,041
Genre: Education
Uploaded At Jul 12, 2024 ^^
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RYD date created : 2024-08-18T18:29:02.727155Z
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YouTube Comments - 83 Comments
Top Comments of this video!! :3
Bro doesn’t know Bangalore exists
33 |
What is the basis of computation of your income ?
Have you considered Calcutta ?
19 |
What a joke. Hyderabad's pricing are skyrocketing now😂😂
18 |
What’s the income that you’ve considered???
4 |
On what basis you are comparing affordability to buy a property in a city
6 |
I believe its like with respect to the average income of that city
4 |
What is the annual income assumed?
10 |
What a beautiful generalization. Income in india is the most vagrant variable, even in legit terms.
|
How come there is no scope for Bangalore? You mean is that cheaper then all this cities
2 |
Pune is changing with the speed of wind, the prices have sky rocketed by more than 50% in just last 2 years
|
Where ia Bangalore??
1 |
You haven’t mentioned the average income scenario in the cities you have mentioned + the ratio of the population which has that “average income”
|
Bangalore?
1 |
How many years did it took you ?
1 |
What annual income are you counting?
1 |
Gurgaon at 6 years and Dheradun at 10 years. What a joke
|
I think it is direct proportional to the income levels vs real estate price
|
Nagpurs 13 is not justified, although seeing development builders are charging a good amount. But Nagpurkars live in Pune/Banglore/Mumbai/Delhi.
|
Any work from home jobs available guys?? I have my own house in West cost KA.. just want to settle there with peace of mind instead of paying crores for these tin can apartments in Bangalore...and the traffic
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@vishnumohannair8506
1 month ago
He proved himself to be an arm chair expert. I moved from Kochi to Hyderabad recently and prices here are eye opening. Also he is not giving context, A 3 bedroom apartment right next door to Infopark will cost you 1 crore in kochi, For the same price you can buy an apartment 20 km from hitech city
9 |