Mumbaihas moved up to the sixth rank among 46 global cities in terms of annual price Growth of high-end residential properties, with an appreciation of 5.5%, according to a report by real estate consultantKnight Frank India.
The report, titled Prime Global Cities Index Q1 2023, notes that Bengaluru and New Delhi have also registered an increase in Average annual prices in the first quarter of 2023.
ThePrime Global Cities Indexis a valuation-based index tracking the movement of prime residential prices across 46 cities worldwide, tracking nominal prices in local currency.Dubaiclinched the top position globally in terms of the increase of 44.2% in prime residential properties values.