Rent-Buy Gap Widens, Impacting Homeownership in Metros

In big Indian cities, it's getting harder to buy a house.

While rent increases slowed down, buying a home is still much more expensive because of higher monthly payments (EMIs).

For example, in Bengaluru, renting is cheaper than buying.

This is causing people to postpone buying homes.

Some people are choosing to rent for flexibility.

Though rental costs have increased, they are comparatively cheaper than paying an EMI.

Demand from sectors other than IT and improved infrastructure are encouraging people to move to areas outside of the city.

Despite high EMIs, loan applications are still steady.