Global Property Guide

Financial Information for the Residential Property Buyer


Price/GDP per Cap - India Compared to Asia

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Click name of country for detailed information
India 891.22x
Cambodia 227.93x
China 145.62x
Philippines 135.02x
Indonesia 80.16x
Thailand 66.96x
Hong Kong 60.43x
Japan 41.98x
Malaysia 36.71x
Taiwan 31.61x
Singapore 25.96x

India: House price to income ratio

The house price to income ratio is the ratio of the cost of a typical upscale housing unit of 100 square metres, compared to the countrys GDP per capita. Normally this ratio will be much higher in low income countries than in high income countries.

The formula is: (Price per square metre / GDP per capita)*100. The house price to income ratios published by the Global Property Guide are based on the Global Property Guides own proprietary in-house research, but we use the IMFs GDP per capita figures.


India launched Residex (India's house price index) in July 2007, through the National Housing Bank (NHB). Since Residex is relatively new, its methodology is being revised every so often. The eventual aim is to cover residential housing for 63 cities, before extending coverage to commercial property and land. At date of writing (early 2014) Residex covered 26 cities, with 2007 as base year. Residex is publicly available and can be accessed at the National Housing Bank's site. General economics statistics are from the Reserve Bank of India.