Salary needed to buy a home by city in India
Updated 2026-09-06The reverse of the city affordability index: instead of starting from a salary, this starts from a typical 1,000 sq ft home's price in each city — Magicbricks PropIndex, Apr-Jun 2026 — and works out the minimum monthly take-home salary needed to afford it responsibly, fully financed with no down payment.
Assumes no existing EMIs or major fixed expenses, no down payment, 8.5% interest, and a 20-year tenure — the same baseline used throughout Affordly's salary guides.
| City | Typical home price | Salary needed (Affordly) | Salary needed (bank max) |
|---|---|---|---|
| Ahmedabad | ₹73,30,000 | ₹2,12,038 | ₹1,59,029 |
| Kolkata | ₹80,56,000 | ₹2,33,039 | ₹1,74,780 |
| Hyderabad | ₹87,10,000 | ₹2,51,958 | ₹1,88,969 |
| Greater Noida | ₹96,67,000 | ₹2,79,642 | ₹2,09,731 |
| Chennai | ₹1,07,02,000 | ₹3,09,581 | ₹2,32,186 |
| Pune | ₹1,25,46,000 | ₹3,62,924 | ₹2,72,193 |
| Noida | ₹1,34,39,000 | ₹3,88,756 | ₹2,91,567 |
| Bengaluru | ₹1,35,01,000 | ₹3,90,549 | ₹2,92,912 |
| Navi Mumbai | ₹1,40,00,000 | ₹4,04,984 | ₹3,03,738 |
| Thane | ₹1,55,00,000 | ₹4,48,375 | ₹3,36,282 |
| Gurugram | ₹1,61,00,000 | ₹4,65,732 | ₹3,49,299 |
| Delhi | ₹2,06,97,000 | ₹5,98,711 | ₹4,49,033 |
| Mumbai | ₹3,95,00,000 | ₹11,42,634 | ₹8,56,975 |
Have a down payment, existing EMIs, or a different target home size? Get your real number instead.
Calculate your real numberFrequently asked questions
Why is the salary needed so much higher than what banks say you need?
This uses Affordly's conservative cap (30% of income going to the new EMI) instead of a bank's looser FOIR ceiling (40%), so the salary figure here is deliberately higher than what a bank might tell you that you 'need'. The bank-cap column alongside it shows that looser number for comparison — but a lower required salary there means less safety margin, not a better deal.
Does this account for a down payment?
No — this assumes the entire home price is financed through the loan, which is the most conservative (highest salary needed) scenario. A real down payment reduces the loan amount and therefore the salary needed — use the full calculator to see the effect of a specific down payment amount.
Why 1,000 sq ft as the reference home size?
The same PropIndex report found that 2BHK homes in the 750-1,250 sq ft range are the dominant demand segment across Indian cities, so 1,000 sq ft stands in for "a typical home" rather than an arbitrary number. A larger or smaller target home changes the salary needed roughly proportionally.
City price data: Magicbricks PropIndex, Q2 2026 (Apr-Jun 2026) — Ready-to-Move segment, city-wide weighted average.