← Latest news 
Mumbai couple earns Rs 40 LPA but still can’t buy a home amid widening salary price gap
Economy
Published on 9 May 2026
Why homebuyers are stuck longer than ever
In Mumbai, a couple earning about Rs 40 lakh annually still can’t afford a modest two-bedroom home. The reason is a widening mismatch between rising home prices and take-home pay after high living costs and taxes. With savings squeezed, buyers often face decades-long financial stress to reach homeownership, even with strong incomes.
- Rs 40 LPA is not enough to buy a modest home in Mumbai
- High living costs and taxes cut down savings for down payments
- Rising property prices are outpacing salary growth
- Many buyers face decades of financial strain for ownership
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times