Property Prices in Ranchi, India

Index
Price to Income Ratio:	15.58
Mortgage as Percentage of Income:	182.27%
Loan Affordability Index:	0.55
Price to Rent Ratio - City Centre:	53.59
Price to Rent Ratio - Outside of Centre:	42.11
Gross Rental Yield (City Centre):	1.87%
Gross Rental Yield (Outside of Centre):	2.37%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	9,125.00 ₹	7,000.00-12,000.00
Apartment (1 bedroom) Outside of Centre	6,875.00 ₹	5,000.00-9,000.00
Apartment (3 bedrooms) in City Centre	16,750.00 ₹	15,000.00-30,000.00
Apartment (3 bedrooms) Outside of Centre	15,333.33 ₹	11,000.00-20,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	9,999.92 ₹
Price per Square Feet to Buy Apartment Outside of Centre	6,499.95 ₹
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	28,500.00 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	10.15	4.00-20.00

These data are based on 36 entries in the past 18 months from 7 different contributors.
Last update: November 2024

Sources and References

Nearby cities:

Property Prices in Jamshedpur	69.18 miles
Property Prices in Bokaro	99.40 miles
Property Prices in Rourkela	124.54 miles
Property Prices in Asansol	142.34 miles
Property Prices in Lakhisarai	186.02 miles
Property Prices in Sambalpur	211.12 miles
Property Prices in Patna	231.09 miles
Property Prices in Howrah (Haora)	241.31 miles
Property Prices in Kolkata	241.66 miles
Property Prices in Krishnanagar	248.26 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	7,100.00
GDP Growth Rate:	7.24%
Population Growth Rate:	0.70%