![]() Global Cities Index is a valuation-based index tracking the movement in prime residential prices in local currency across more than 45 cities worldwide using Knight Frank’s globalĪccording to Knight Frank’s research analysis, 39 cities witnessed a rise in prime residential prices between Q2 and Q3 – 2021. Prime residential property is defined as the most desirable and most expensive property in a given location, generally defined as the top 5 percent of each market by value. The city witnessed no price change in Q3 2021 compared to the previous quarter. Q3 2021 compared to the previous quarter, the report said.īengaluru ranked 42 with a -1.1 percent annual price change for Q3 2020 – Q3 2021. Prime residential properties in the city registered a price appreciation of 0.2% in Mumbai ranked 39th with a marginal -0.1 percent annual change for the period Q3 2020 – Q3 2021. Delhi is ranked 38th with a stable price level for the period Q3 2020 – Q3 2021. ![]() Mumbai, Delhi and Bengaluru’s prime residential market is witnessing price stability on a QoQ basis. Prices fell marginally by 0.1 percent YOY. ![]() Mumbai moved up to the 39th position in Q3 2021, against its 40th rank in the previous quarter, as Index as the quarter registered a 1.1 percent YOY price fall in the prime markets. Bengaluru moved down one spot up against the previous quarter in the New Delhi is ranked 38, Mumbai 39 and Bengaluru 42 in Knight Frank’s Prime Global Cities Index Q3 2021. The Prime Global Cities Index is a valuation-based index tracking the movement in prime residential prices in local currency across more than 45 cities worldwide using Knight Frank’s
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