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'Home prices at record high but affordability also at peak'

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  9 May 2016 12:00 AM GMT

Mumbai, May 8: Home prices have touched record high levels but a faster rise in disposable income has made house purchasing the most affordable ever, housing loan major HDFC has said in a report. According to latest data compiled by HDFC, the average property value of housing units have risen to an all-time high of over Rs.50 lakh this year, while the annual income of an average homebuyer has also grown to record levels of over Rs.12 lakh. IANS

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