🏙️ Even Mumbai’s richest need over a century to afford a home! Gurgaon, Bengaluru, and Delhi aren’t far behind.
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• In Mumbai, the top 5% of earners must save for 109 years to buy an average-sized home (1,184 sq ft, ~₹3.5 crore).
• Gurgaon’s richest face a 64-year saving period; Bhubaneswar requires over 50 years.
• Chandigarh is the most affordable capital, needing just 15 years of savings for a similar property.
• Analysis uses National Housing Board (NHB) data, with a 30.2% savings rate for top earners.

• Homeownership is out of reach even for the financial elite in India’s top cities, not just the middle class.
• Mumbai stands as the least affordable city among 21 state capitals surveyed.
• Affordability gaps are widening, pushing even the wealthy to reconsider living in these metros.

• 🏠 Staggering Wait: 109 years of savings for Mumbai’s richest to buy a home is unprecedented.
• 💸 Not Just a Middle-Class Problem: The housing crisis affects even the top 5% income group.
• 📊 Data-Driven: Findings are based on NHB’s official price and income data, not speculation.

• India’s urban housing market is increasingly unaffordable—even for the rich.
• Policy interventions and structural reforms are needed to address the extreme affordability gap and supply shortage.
• Potential homebuyers, even among the elite, may need to look beyond major metros for feasible options.

Source: Mumbai's richest have to save for 109 years to buy a house, Gurgaon wait time is 64 years: Report