Mumbai ranks 2nd, New Delhi 3rd in global property price index; Manila tops the list
4 months ago

Mumbai ranks 2nd, New Delhi 3rd in global property price index; Manila tops the list

Hindustan Times  

Mumbai and New Delhi have recorded an annual increase in their real estate prices at 13% and 10.6% respectively, while Bengaluru has witnessed a modest 3.7% rise. Mumbai and New Delhi have recorded a sharp annual increase in their real estate prices at 13% and 10.6% respectively The Prime Global Cities Index is a valuation-based index tracking the movement of prime residential prices across 44 cities worldwide. Knight Frank, an international property consultancy, in its recent report ‘Prime Global Cities Index Q2 2024’ noted that key residential markets of Mumbai, and New Delhi have recorded an increase in the annual property prices with the the country’s financial capital witnessing an increase of 13% YoY followed by New Delhi at 10.6% YoY. New Delhi, which recorded a rise of 10.6% YoY in prime residential property prices, made a jump in rankings going from 26th in Q2 2023 to 3rd in Q2 2024, the analysis showed. The rise in global prime residential price index was recorded at 2.6 % across the 44 markets in the 12-month period ending June 2024.

Global Growth Bengaluru Delhi Mumbai Prime Prices Index Price 2024 New Delhi Knight Frank Manila Yoy Increase Recorded Residential  mumbai  prime  3rd  2024  residential  q2  global  ranks  index  recorded  list  tops  prices  yoy  property  growth  increase  price  delhi

History of this topic

Year-ender 2024: Housing sales across 7 cities including Delhi NCR, Mumbai, Bengaluru expected to touch 3.05 lakh units
2 weeks, 5 days ago

Year-ender 2024: Housing sales across 7 cities including Delhi NCR, Mumbai, Bengaluru expected to touch 3.05 lakh units

Hindustan Times  

Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. Year-ender 2024: Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. …

Home prices in India to rise 6.5% in 2025, driven by demand from wealthy: Survey
3 weeks, 1 day ago

Home prices in India to rise 6.5% in 2025, driven by demand from wealthy: Survey

Deccan Chronicle  

Average home prices in India are set to rise steadily over the coming years driven mainly by demand from wealthy individuals, while the rising cost of living will make owning a property unattainable for most people, a Reuters poll found.While India's middle class tightens its belt, cutting back on everything from tea to two-wheelers due to soaring consumer inflation, the …

Rate cuts may help optimize home affordability, Kolkata most affordable housing market
4 weeks ago

Rate cuts may help optimize home affordability, Kolkata most affordable housing market

Hindustan Times  

Most real estate markets across the country, especially Mumbai and Pune are expected to approach optimal affordability levels by 2025 with a projected interest rate cut on the horizon, while Kolkata is set to maintain its status as the most affordable market, potentially hitting new peaks, according to JLL’s Home Purchase Affordability Index. Rate cuts may help optimize home affordability …

Mumbai and Delhi among top APAC cities to record highest price growth in the luxury housing segment
1 month ago

Mumbai and Delhi among top APAC cities to record highest price growth in the luxury housing segment

Hindustan Times  

Mumbai and Delhi-NCR are among the top cities in the Asia Pacific region to record the highest annual price growth in the luxury housing segment. Mumbai and Delhi are among the top cities in the Asia Pacific region to record the highest annual price growth in the luxury housing segment. The average price for the prime residential market in the …

Mumbai and Delhi rank among the fastest-growing luxury real estate markets in Asia-Pacific: Knight Frank
1 month ago

Mumbai and Delhi rank among the fastest-growing luxury real estate markets in Asia-Pacific: Knight Frank

Live Mint  

India’s real estate sector is experiencing a boom fueled by robust economic growth, infrastructure upgrades, and evolving lifestyle aspirations. In Q3 2024, the city recorded an 11.5 per cent year-on-year increase in luxury real estate prices, which now average $953 per square foot. Shishir Baijal, Chairman and Managing Director of Knight Frank India, emphasised, "India's residential real estate sector is …

India’s luxury housing sales rise; what is driving premium real estate demand?
3 months, 3 weeks ago

India’s luxury housing sales rise; what is driving premium real estate demand?

Live Mint  

Housing sales in India hit an 11-year high of 1.73 lakh units between January and June, according to a report by global real estate consultants Knight Frank. The luxury housing segment contributed around 41 per cent of the real estate sector's sales growth from January to June. Delhi-NCR sold around 3,300 luxury homes in the first half of 2024, a …

Average housing prices up 12% annually in April-June; NCR sees maximum appreciation of 30%: Report
3 months, 3 weeks ago

Average housing prices up 12% annually in April-June; NCR sees maximum appreciation of 30%: Report

Hindustan Times  

Average housing prices increased by 12% annually across eight major cities across the country with Delhi-NCR witnessing the highest price rise of 30%, a report by Credai, Colliers and Liases Foras has said. Average housing prices increased by 12% annually across eight major cities across the country with Delhi-NCR witnessing the highest price rise of 30% Positive homebuyer sentiment and …

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA
4 months, 2 weeks ago

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA

Hindustan Times  

Presenting a stable outlook for the residential real estate sector in financial year 2024-25, credit rating agency ICRA Limited on August 7 said that housing sales across the country’s top cities - Mumbai Metropolitan Region, National Capital Region, Bengaluru, Hyderabad, Pune, Kolkata and Chennai - are expected to witness double digit growth in 2024-2025. Housing sales across top 7 cities …

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales
5 months, 2 weeks ago

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales

Business Standard  

India's residential real estate market is experiencing a surge in activity, fueled by a robust economy and growing demand for luxury living. A new report by Knight Frank, titled "India Real Estate: Residential and Office, revealed that the first half of 2024 witnessed a significant jump in residential unit sales across India's top eight cities, including Mumbai, Delhi-NCR, Bengaluru, Pune, …

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline
5 months, 2 weeks ago

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline

Hindustan Times  

Housing sales hit an 11-year high with 1.73 lakh units sold across the top eight Indian cities. NCR and Mumbai accounted for almost half of premium category sales in H1 2024, a new report by Knight Frank India showed. Home sales surged by 11% YoY to touch 1.73 lakh units sold across the country’s top eight markets in H1 2024, …

Mumbai and Delhi in top 5 cities globally in housing price rise, Bengaluru's spot improves: Report
6 months, 1 week ago

Mumbai and Delhi in top 5 cities globally in housing price rise, Bengaluru's spot improves: Report

India TV News  

New Delhi: Mumbai ranked third and Delhi fifth among the top 44 cities globally in terms of housing price increases during the January-March 2024 period, as per the London-based global property consultancy firm Knight Frank's recent report ‘Prime Global Cities Index Q1 2024’. Mumbai recorded an 11.5 per cent year-on-year growth in prime residential prices in January-March 2024. Knight Frank's …

Luxury homes priced over ₹4 crore record 10% Y-o-Y growth in Jan-March 2024 across top seven cities
7 months, 3 weeks ago

Luxury homes priced over ₹4 crore record 10% Y-o-Y growth in Jan-March 2024 across top seven cities

Hindustan Times  

Luxury housing units priced more than ₹4 crore and above recorded a 10% Y-o-Y sales growth during January to March 2024 across seven major cities. Luxury housing units priced more than ₹ 4 crore and above recorded a 10% Y-o-Y sales growth during January to March 2024 across seven major cities. As per the data for sales of housing units …

Luxury homes priced above ₹50 crore and above witness a 1.5X y-o-y increase; Mumbai dominates demand
8 months, 4 weeks ago

Luxury homes priced above ₹50 crore and above witness a 1.5X y-o-y increase; Mumbai dominates demand

Hindustan Times  

Luxury homes priced ₹50 crore and above have seen a surge in sales value from ₹2,859 crore in 2022 to ₹4,319 crore in 2023, an increase by almost 1.5X. Luxury homes priced ₹ 50 crore and above have seen a surge in sales value from ₹ 2,859 crore in 2022 to ₹ 4,319 crore in 2023, an increase by almost …

Mumbai secures 3rd spot on Prime Global Cities Index Q4 2023 after Manila and Dubai
9 months ago

Mumbai secures 3rd spot on Prime Global Cities Index Q4 2023 after Manila and Dubai

Hindustan Times  

Luxury homes in Mumbai, New Delhi and Bengaluru recorded an increase in their average annual prices in Q4 2023 with Mumbai witnessing a 10% growth, Delhi-NCR 4.2% and Bengaluru a 2.2% rise, Knight Frank’s Prime Global Cities Index showed. Luxury homes in Mumbai, New Delhi and Bengaluru recorded an increase in their average annual prices in Q4 2023 with Mumbai …

Mumbai ranks 3rd after Manila, Dubai in Knight Frank Prime Global Cities Index, sees 10% YoY growth in luxury home rates
9 months ago

Mumbai ranks 3rd after Manila, Dubai in Knight Frank Prime Global Cities Index, sees 10% YoY growth in luxury home rates

Live Mint  

Mumbai has secured the third position in the prestigious Prime Global Cities Index for Q4 2023, a testament to the city's burgeoning luxury housing market. Mumbai witnessed an impressive 10 per cent year-on-year growth in prime residential prices, driven primarily by affluent homebuyers seeking lifestyle upgrades against the backdrop of a robust economic environment, according to Knight Frank's latest report, …

Housing prices increase by around 20% in MMR, Bengaluru, Delhi-NCR and other cities in the last two years
9 months, 3 weeks ago

Housing prices increase by around 20% in MMR, Bengaluru, Delhi-NCR and other cities in the last two years

Hindustan Times  

Amidst a positive economic outlook, housing demand has scaled up and property prices across the top eight cities in India have surged by around 20% in the last two years, a report by Credai, Colliers and Liases Foras has said. Bengaluru, Delhi NCR, and Kolkata have witnessed the highest rise in average housing prices at about 30% in 2023 compared …

Mumbai is now among the world's top 10 luxury real estate markets: Knight Frank Wealth Report 2024
9 months, 3 weeks ago

Mumbai is now among the world's top 10 luxury real estate markets: Knight Frank Wealth Report 2024

Hindustan Times  

Mumbai is now among the top 10 luxury residential markets in the world. The city is ranked at number 8 globally in terms of price growth in luxury housing According to Knight Frank’s The Wealth Report 2024, the value of the Prime International Residential Index has increased by 3.1% in 2023 showcasing solid overall gains. Mumbai’s rank has improved to …

Mumbai & Bengaluru In Top 10 APAC Residential Markets On Annual Price Growth: Report
10 months, 2 weeks ago

Mumbai & Bengaluru In Top 10 APAC Residential Markets On Annual Price Growth: Report

News 18  

Knight Frank, the international property consultancy, in its latest report Asia-Pacific Residential Review Index for H2 2023 cited that Bengaluru, Mumbai and NCR have found a place in the top 10 best-performing Asia-Pacific residential markets in terms of annual price growth in H2 2023. According to the review, 21 out of 25 Asia-Pacific cities have recorded positive annual price growth …

Housing sales makes new peak in 2023
11 months, 3 weeks ago

Housing sales makes new peak in 2023

Deccan Chronicle  

Chennai: Housing sales in the top 7 cities have created a new peak in 2023, increasing 31 per cent over the previous year. Around 4,76,530 housing units were sold in 2023 in the top 7 cities, against 3,64,870 units in 2022 – 31 per cent increase. In terms of supply, around 4,45,770 new units were launched in 2023 against 3,57,640 …

India jumps 18 spots to 14th position globally in annual home price movement in Q3 2023
1 year ago

India jumps 18 spots to 14th position globally in annual home price movement in Q3 2023

Hindustan Times  

India climbed 18 spots up to 14th rank in the global house price index in Q3 2023. Home prices in the country increased 5.9% year-on-year in the third quarter of 2023, according to the Knight Frank’s Global House Price Index. Home prices in India increased 5.9% year-on-year in the third quarter of 2023, according to the Knight Frank’s Global House …

Mumbai, Delhi & Bengaluru among cities with highest annual rise in property rates
1 year, 1 month ago

Mumbai, Delhi & Bengaluru among cities with highest annual rise in property rates

Hindustan Times  

The year-on-year growth in average annual prices of prime residential or luxury homes in three Indian cities was among highest in the world, with each city ranking in top 20 out of 46 cities analysed by real estate consultant Knight Frank India in its ‘Prime Global Cities Index’ for Q3 2023. Higher rates mean we have moved into a world …

Mumbai, Bengaluru secure 19th, 22nd positions globally in housing price appreciation: Report
1 year, 2 months ago

Mumbai, Bengaluru secure 19th, 22nd positions globally in housing price appreciation: Report

Hindustan Times  

Indian cities Mumbai and Bengaluru jumped from 95th and 77th positions to 19th and 22nd positions, respectively, on a global index measuring housing price appreciation in the second quarter of this year, that is from April to June, according to a report from real estate consultancy firm Knight Frank. The growth in residential prices in 107 cities across the globe …

Betting on premium
1 year, 3 months ago

Betting on premium

The Hindu  

The first half of 2023 has witnessed growth in the mid and premium housing segments. Mumbai, the largest real estate market in India, too witnessed a surge in demand for mid and premium segment housing. Vinay Rohira, Sales Head, SD Corp, adds, “Homebuyers now have a higher disposable income where they are willing to spend more leading to an increased …

Housing prices rose across 43 cities in Q1 of FY24: Report
1 year, 3 months ago

Housing prices rose across 43 cities in Q1 of FY24: Report

Hindustan Times  

Housing prices rose in 43 cities in the first quarter of 2023-24, while the rates of residential units fell in seven cities, according to National Housing Bank. Eight key primary residential markets -- Ahmedabad witnessed a 9.1 per cent appreciation in property prices while Bengaluru 8.9 per cent and Kolkata 7.8 per cent during the April-June 2023 period. READ | …

India’s housing market enjoys rapid growth, but can it last?
1 year, 4 months ago

India’s housing market enjoys rapid growth, but can it last?

Live Mint  

The Indian real estate market is showing robust performance in the second quarter of 2023, with sales maintaining its momentum as new supply continues to pour in. The ISB – Housing.com Housing Price Index shows an increase of 7.21% in property prices during Q2 2023, a jump from both Q1 2023’s 6.78% and Q2 2022’s 2.83%. Housing Price Index - …

Housing prices across 8 major Indian cities increased by 7% in Q2 2023: Report
1 year, 4 months ago

Housing prices across 8 major Indian cities increased by 7% in Q2 2023: Report

Hindustan Times  

Housing prices in Delhi-NCR rose by an average 14 per cent year-on-year during April-June period, but fell 3 per cent in Mumbai Metropolitan Region, according to a joint report by CREDAI, Colliers India and Liases Foras. Among eight cities, MMR was the only cities that saw fall in average prices during the April-June quarter by 3 per cent to ₹ …

Residential sales in eight cities second highest in a decade in H1 2023
1 year, 5 months ago

Residential sales in eight cities second highest in a decade in H1 2023

Hindustan Times  

MUMBAI: The residential sales in the top eight cities touched 1.56 lakh units in the first half of 2023, the second highest in a decade, said the half yearly report on real estate released by international property consultants Knight Frank on Tuesday. HT Image The luxury segment homes priced above ₹1 crore grew from 25% in H1 2022 to 30% …

Delhi-NCR sees highest annual rise of 16% in housing prices among top 8 cities in Jan.-March: Report
1 year, 6 months ago

Delhi-NCR sees highest annual rise of 16% in housing prices among top 8 cities in Jan.-March: Report

The Hindu  

Housing prices in Delhi-NCR rose to the maximum, by 16%, in the January-March period among top eight cities on better demand and higher construction cost, according to a report by CREDAI, Colliers and Liases Foras. As per the data, housing prices in Ahmedabad rose by 11% YoY during January-March this year to an average rate of ₹6,324 per square feet. …

Housing Prices In India Increase Sharply In Q1, See An Average 7% YoY Jump: PropTiger
1 year, 7 months ago

Housing Prices In India Increase Sharply In Q1, See An Average 7% YoY Jump: PropTiger

News 18  

Housing prices in India surged sharply during January-March 2023, with the average price rise across all the major realty markets in the country being nearly 7 per cent as compared to last year, according to a report by PropTiger.com. The average rate of properties in Bengaluru saw a 10 per cent appreciation in the past one year, making it the …

Premium home boost to India's housing market, overall sales at 9-year high
1 year, 10 months ago

Premium home boost to India's housing market, overall sales at 9-year high

India Today  

India saw a spurt in housing prices as soon as it stepped out of the pandemic. Housing sales, prices rise hand-in-hand Mumbai and Bengaluru are among the top five best-performing Asia-Pacific residential markets in terms of annual price growth in the second half of 2022. While housing prices in Mumbai and Bengaluru rose by 7 per cent annually, housing prices …

Future of real estate market in India in 2023
1 year, 10 months ago

Future of real estate market in India in 2023

Live Mint  

The residential real estate market in India had astounding progress in 2022, setting new sales records of 68% YoY, further demonstrating the industry's prominence as one of India's fastest-growing industries. Real estate market in 2022 Hari Movva, Senior Vice President, SILA said despite the faltering economy we are currently experiencing, the real estate sector lived up to its best in …

Luxury property prices up 8-10%, Delhi NCR, Mumbai top list: Report
1 year, 11 months ago

Luxury property prices up 8-10%, Delhi NCR, Mumbai top list: Report

Hindustan Times  

Prices of luxury properties appreciated by 8-12 per cent during the last year across major cities and has breached the 2015 peak level, according to India Sotheby's International Realty. Delhi's India Gate and Mumbai's Marine Drive In its annual 'Luxury Outlook Survey 2023', India Sotheby's International Realty revealed that 61 per cent of High-Net-worth Individuals and Ultra High-Net-worth Individuals are …

Bengaluru may see highest growth in office rent in APAC next year: Report
2 years ago

Bengaluru may see highest growth in office rent in APAC next year: Report

Hindustan Times  

Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. READ | Why Karnataka's Mysuru is the next real estate hotspot in India Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY in 2023, highest …

Housing prices see 6% rise during Q3 of 2022 in top 8 cities: Report
2 years, 1 month ago

Housing prices see 6% rise during Q3 of 2022 in top 8 cities: Report

Hindustan Times  

Housing prices across the top eight cities, namely Delhi-NCR, MMR, Kolkata, Pune, Hyderabad, Chennai, Bengaluru, and Ahmedabad, continue to grow at 6 per cent year-on-year during July-September of 2022 amidst robust housing demand and quality launches by top developers, a report said on Wednesday. Owing to the spike in launches in the past few quarters, around 94 per cent of …

Housing prices up 5% in June quarter
2 years, 4 months ago

Housing prices up 5% in June quarter

Deccan Chronicle  

Chennai: Housing prices in the top eight cities, on average, moved up 5 per cent in the June quarter, while NCR saw a 10 per cent rise. MMR, the costliest real estate market, saw only a 1 per cent rise in housing prices at Rs 19,677 per square foot. Housing prices in the Delhi-NCR property market saw the highest annual …

India's residential real estate sales at 9 year-high in 2022: Knight Frank
2 years, 5 months ago

India's residential real estate sales at 9 year-high in 2022: Knight Frank

Hindustan Times  

India's residential real estate segment has recorded a 9-year high in terms of sales volume during the first half of 2022, said London-headquartered global property consultancy firm Knight Frank. During January-June 2022, launches of new housing units recorded a growth of 56 per cent year-on-year at 160,806 units. The residential space saw an annual growth of 60 per cent during …

Despite Rate Hike, Property Prices Across India Set To Rise Fastest In Five Years
2 years, 6 months ago

Despite Rate Hike, Property Prices Across India Set To Rise Fastest In Five Years

ABP News  

New Delhi: Prices of houses are set to rise this year to a pace not seen in half a decade. The poll suggested that home prices were expected to rise 7.5 per cent nationally this year, the fastest growth in five years, while average house prices were forecast to rise 6.0 per cent next year and in 2024. The real …

Property prices in India expected to see biggest rise in five years
2 years, 6 months ago

Property prices in India expected to see biggest rise in five years

Live Mint  

Property prices in India are expected to increase 7.5% on a pan-India basis this year, the fastest growth in five years, according to a Reuters poll of property analysts. According to the Reuters poll, prices in Mumbai and Delhi, including its surrounding National Capital Region, is expected to rise between 4% and 5% this year and next. Improving housing demand …

India ranks 51st in global list of annual rise in housing prices: Report
2 years, 9 months ago

India ranks 51st in global list of annual rise in housing prices: Report

Deccan Chronicle  

New Delhi: India ranks 51st in annual appreciation in housing prices with a 2.1 per cent rise in rates during the October-December quarter of the last year, according to property consultant Knight Frank. Turkey witnessed the highest annual price growth rate by 59.6 per cent in the year to Q4 2021, followed by New Zealand, Czech Republic, Slovakia and Australia. …

Demand for luxury housing improves in Delhi-NCR amid price fall, low interest rates
3 years, 9 months ago

Demand for luxury housing improves in Delhi-NCR amid price fall, low interest rates

Live Mint  

The demand for luxury housing properties in the national capital has improved in the last six months on low prices and home loan interest rates, but there is a need to reduce stamp duty to give a further boost, according to industry experts. Addressing a webinar on luxury housing market of Delhi-NCR, India Sotheby's International Realty CEO Amit Goyal said …

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