Price & Affordability
Speculative Market
369
354
345 Unfair and Speculative Market
302
297
291
Correction Phase
247
257
171
205 75
Undervalued Market
Risk Spread
201
235
100
100
118
Jan-05
144
136
120
109
133
130
Dec-08
Interest Adjusted Affordability Index
125
127
132
137
Mar-10
135
125
115
112
Jun-11
Inflation Adjusted Price Index Source: Liases Foras
The market is now in a speculative phase.This is clear from the fact that prices are far higher than the affordability level.This chart pertains to Mumbai but the picture in Delhi/NCR and Bengaluru is the same