Mint Podcast: Stunning Study Says Even Top 5% Earners Need To Save For 109 Years To Afford A Mumbai House: WHY?

India's housing dream has been slipping out of reach for some time now... but now it's not just the middle class - this seems to be true for rich people as well. But as per a new report, even the top 5% earners in urban Maharashtra will have to save for 109 years to be able to buy an average sized house in Mumbai. And as per this analysis, it's not just those who want to settle or live in Mumbai for whom buying a house may be out of reach - in Gurugram, which follows as the least affordable city... the top 5% will have to save for a whopping 64 years.. to buy an average sized house. This is the shocking number that has been put forth in a recent analysis by ToI - which combines data from the National Housing Board and urban income estimates... to calculate the affordability of houses across 21 state capitals. But WHY are houses so unaffordable now? Watch the whole episode on YouTube-https://www.youtube.com/watch?v=L04hki1ten0#realestate #mumbai #money