Buying a first home is still one of the biggest financial decisions for most Indian families, but the way to approach it has changed. Jatul Anand, Executive Director, PNB Housing Finance, said the smartest way to begin is with a simple affordability guardrail.
“A good rule of thumb is the ‘five-times annual income’ rule. The property value should ideally not exceed five times the household’s yearly income,” he said.
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Stretching beyond that may feel manageable initially, but it tends to create repayment pressure later, especially in a rising rate environment.
The headline price of a flat or hous
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