Looking to buy a new home in 2023? With the real estate market booming in India after a pandemic induced lethargy, home prices are looking up too. If the government steps in with some promising incentives for the realty sector in the Union Budget 2023-24, home buyers can look forward to some better deals this year.

Knight Frank's Global property market insights are out, and they paint a sober, yet optimistic picture of the real estate scenario across the prime cities of the world.

Real estate firm JLL’s Home Purchase Affordability Index (HPAI) 2022 Report has marked Kolkata, Hyderabad, and Pune as the most affordable residential markets in India.
An uncertain global economy, inflationary pressures and the Reserve Bank of India's Repo rate hike are factors that could however impact affordability levels adversely, the report notes.