Mumbai and Delhi Surge in Global Prime Residential Property Price Growth

Mumbai and Delhi ranked second and third globally in the annual price rise of prime residential properties in the June quarter, according to a Knight Frank report. The report noted a general slowdown in price growth across 44 cities, with Manila leading the increase. Dubai saw a slight decline.

Mumbai and Delhi have achieved significant rankings globally for prime residential property price growth, securing second and third positions, respectively, in a new Knight Frank report.

The report indicated a deceleration in annual price growth across 44 cities to 2.6% in Q2 2024, down from 4.1% in the previous quarter. Manila experienced the highest price rise at 26%.

Mumbai's prime property prices surged by 13% annually, improving its rank from 6th last year, while Delhi saw a 10.6% rise, jumping from 26th to 3rd. Bengaluru maintained its 15th rank with a 3.7% increase.

(With inputs from agencies.)