Delhi

House Affordability in Delhi: How Much Home Can You Afford?

The capital region with diverse property options across South Delhi (premium), West Delhi (mid-segment), and East Delhi (value).

Median 2BHK price
₹130 L
Median monthly rent
₹35,000
Median IT salary
₹1,20,000
Stamp duty + reg.
7%

Delhi property market in 2026

Delhi proper has a wide spread — South Delhi colonies command ₹2-5 crore for 2BHK independent floors, while parts of West/East Delhi and Dwarka offer ₹80 lakh-1.5 crore options. Apartments in newer high-rises run ₹15,000-30,000/sqft.

Female-name registration discount of 2% (4% vs 6% stamp duty) is unique to Delhi among major metros — a ₹1.5 crore property registered in a wife's name saves ₹3 lakh in stamp duty.

The cash you actually need upfront in Delhi

The down payment is only part of it. For a median Delhi 2BHK at ₹1.30 crore, here is the cash you need before the keys change hands — none of it can be borrowed in the home loan.

Down payment (20%)₹26,00,000
Stamp duty + registration (7%)₹9,10,000
Brokerage (~1%, if using an agent)₹1,30,000
Total cash needed₹36,40,000

Excludes interiors, furniture and society deposits — budget another 5-10% of the property value if the flat is unfurnished. Stamp duty is charged on the higher of your price and the state's government valuation: check the Delhi circle rate.

Owning vs renting in Delhi, month by month

Owning (median 2BHK)
₹1,04,404
  • EMI on ₹1.04 crore at 9% / 20 yrs: ₹93,571
  • Maintenance & repairs (~1%/yr): ₹10,833
  • Plus annual property tax — MCD rates
Renting the same flat
₹35,000

Owning costs about ₹69,404 more per month here. Investing that gap while renting is the honest alternative — though your EMI builds equity and rent does not.

Ownership figures assume a 20% down payment and a 9% loan; your rate and the flat's age will move them. The EMI also stops after 20 years, while rent keeps rising — the longer you stay, the better buying looks.

Calculate your max affordable home in Delhi

Calculator pre-filled with Delhi-typical defaults. Adjust your actual net monthly income, existing EMIs, down payment, and the calculator shows the maximum home price your salary supports under standard 45% FOIR.

Enter your values

₹10000₹5000000
₹0₹1000000
₹50000₹100000000
%
5 %15 %
years
5 years30 years
%
30 %60 %

Result

Max Affordable Home Price
₹86,01,828
Aim for ≈ ₹73,11,553 (85% of max) for buffer
Max loan amount
₹60,01,828
Max EMI
₹54,000
Down payment
₹26,00,000
Stamp duty + registration (est.)
₹6,02,128

Cash composition

Down payment₹26,00,000
30.2%
Loan amount₹60,01,828
69.8%
What this means

At ₹1,20,000 net income with ₹0 existing EMIs and a 45% FOIR cap, you can support a max EMI of ₹54,000. That maps to a ₹60.0 lakh loan over 20 years at 9%. Adding your ₹26,00,000 down payment gives a max home price of ₹86,01,828. For comfort, aim for the 85% mark — about ₹73,11,553.

* Stamp duty (5-8%) and registration are NOT financed by the home loan and must come from your savings on top of the down payment.

* FOIR is bank-side; banks may approve 50-55% FOIR for high credit scores. Lower it to 35-40% if your job/income is volatile.

Frequently asked questions about buying in Delhi

What's the average property price in Delhi?

The median 2BHK property price in Delhi is approximately ₹130 lakh in 2026. Premium localities can run 50-100% above this, while outer suburbs and resale apartments offer ₹78-104 lakh entry points.

What's the typical rent for a 2BHK in Delhi?

Median monthly rent for a 2BHK in Delhi is around ₹35,000. The price-to-rent ratio (annual rent ÷ home price) is roughly 31× — higher than the buy-favourable threshold of 25× — renting + investing the difference often beats buying for stays under 10 years.

What's the stamp duty in Delhi?

Delhi levies approximately 7% combined stamp duty + registration on property purchases. On a ₹130-lakh property, that's ₹910,000 in registration costs alone — paid in cash on top of the down payment.

What salary do I need to afford a 2BHK in Delhi?

For a median 2BHK at ₹130 lakh with 20% down payment and 20-year home loan at 9%, the EMI is approximately ₹93,571. To stay within 45% FOIR, you'd need a net monthly income of approximately ₹2,07,937 or higher.

Are home loan rates the same in Delhi as elsewhere?

Home loan rates in 2026 are 8.5-10% across most of India regardless of city. Banks may offer slight concessions (0.1-0.25%) for properties in tier-1 metros or for high-CIBIL borrowers. The actual rate depends more on your credit profile than your city.

How Delhi compares to similarly priced cities

CityMedian 2BHKRent /moDuty
Chennai₹90 L₹28,00011%
Bangalore₹1.2 Cr₹35,0007.6%
Delhi (this page)₹1.3 Cr₹35,0007%
Gurugram₹1.4 Cr₹38,0008%
Mumbai₹2.5 Cr₹75,0007%

Cities nearest Delhi on median 2BHK price — useful if you have a job offer in more than one place. See all 40 cities.

Related tools for Delhi buyers

House affordability in other cities