Mumbai's prime residential property prices rose 13% YoY in Q2 2024, ranking 2nd globally, per Knight Frank's Prime Global Cities Index.

Mumbai recorded a 13% yearly increase in prime residential property prices, ranking second globally in Q2 2024, according to Knight Frank's Prime Global Cities Index. New Delhi followed closely with a 10.6% rise, while Bengaluru experienced a 3.7% increase. This surge in demand, particularly for luxury properties, has led to growth in the Indian property market, with central banks' rate-cutting decisions expected to further impact future price growth.

August 23, 2024
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