Mumbai, the financial capital of India, has been ranked third in the Prime Global Cities Index. Also, house prices increased by 10 percent in the October-December quarter of last year. Property consultancy Knight Frank India said Bangalore fell from 20th place to 27th place despite house prices rising by 2.2 per cent year-on-year. Mumbai’s house prices have risen at the fastest pace on a year-on-year basis. House prices in Mumbai increased by 6.4 percent in Q4 2022. As a result, this city was ranked eighth that year.
Bangalore, on the other hand, was at 20th position in the fourth quarter of 2022. It has decreased to 27 percent in the fourth quarter of 2023. When it comes to Delhi, while it was at the 28th rank in 2022, it has risen to the 16th rank in 2023. House prices here have increased by 4.2 percent. And among the global cities, Manila in Philippenes stood first in the increase of house prices by 26.3 percent. Dubai came second with a 15.1 percent increase, followed by Shanghai with an 8.6 percent increase.
