Delhi: Affordability ratio of 4.7 was recorded in the fiscal year 2012-2013 which became the most affordable level in the past 30 years. Affordability ratio compiled by HDFC shows that the highest affordability ratio was noted in the year 1994-95 and it is declining year by year till now.The average price of the house with a home loan has risen up to around 45 lakh which was noted to be about 25 lakh in 2008-09 and since then it has been increasing. Now-a-days home buyer needs only the around five time of the annual earnings to own a housing property.The improved affordability ratio is the result of the increasing disposable income, low interest rates and taxes, Low interest home loan availability. The market is experiencing high demand due to the increasing urbanization, favorable demographics and the most of the home buyer are aged below 30 owing to the increased personal payments.Though the property prices are increasing exponentially, affordability ratio in the past five consecutive years remained steady in the range of 4.5 to 4.7. Home prices are rising ever since the year 2001-02 which had all time lowest average home price of only 15 lakh. The rise in the prices is observed as the income of the customers has been almost tripled compared to the income of the year 2001-02.Since last three decades home prices have observed the surge across the country. The affordability ratio according to the study of the HDFC for years 20012-13, 2011-12, 2008-2009 and 2003-04 was respectively 4.7, 4.6, 4.5 and 4.3. These were the lowest four recorded ratios in the past 12 years.