INCOME TAX28 Sept 2026
Home ownership is getting tougher for Gen Z: How much salary do you need to buy a ₹50 lakh, ₹75 lakh or ₹1 crore house? | Mint
Buying a first home has become harder for young Indians. Property prices in many cities are rising faster than salaries, and homes under ₹50 lakh now make up just 17% of supply, down from 52.4% in 2018. So a young buyer may need a smaller home, a far-off location, or joint ownership. Check your home loan EMI, or monthly instalment, stays within 30-35% of take-home pay.
Key Statutory Highlights
- India's housing price-to-income ratio rose from 6.6 in 2020 to 7.5 in 2024, with Mumbai highest at 14.3 and Delhi at 10.1.
- Homes priced below ₹50 lakh were only 17% of housing supply in the first half of 2025, compared with 52.4% in 2018.
- For a ₹50 lakh property, the upfront amount could be around ₹12.5 lakh, covering the down payment and other purchase costs.
Actionable Advice for Taxpayers / Founders:Before you commit to a home, work out the loan instalment at a realistic rate and tenure and check it fits within about 30-35% of your monthly take-home pay. Treat these figures as indicative, not a fixed rule, and confirm your own down payment and city costs.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: