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, released on March 20. The Prime Global Cities Index, which tracks the movement of prime residential prices across 45 cities worldwide, saw Mumbai leapfrog five places from its 8th position in Q4 2022 to claim the third spot. The Knight Frank Prime Global Cities Index Q4 2023 Globally, the Prime Global Cities Index saw an average annual price rise of 3.7 per cent across 45 markets in the 12 months ending December 2023.

Global Growth Mumbai Prime Cities Prices Cent Yoy Residential Prices  cent  prices  residential  yoy  sees  ranks  luxury  q4  rates  knight  index  growth  cities  global  prime  2023  mumbai

History of this topic

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 …

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 …

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 …

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 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 …

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 …

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 - …

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. …

Discover Related