New Delhi 6th, Mumbai 7th among 44 cities globally in luxury home price rise: Knight Frank Report
The Hindu
Knight Frank's 'Prime Global Cities Index Q4 2024' report reveals New Delhi's 6.7% luxury home price growth, ranking 6th globally.
New Delhi has jumped to the sixth position among 44 cities globally in price appreciation of luxury homes with the national capital seeing an average 6.7% increase in rates during the latest December quarter, according to Knight Frank.
Real estate consultant Knight Frank on Monday (February 10, 2025) released its 'Prime Global Cities Index Q4 2024' report. It is a valuation-based index tracking the movement of prime residential prices across 44 cities worldwide. The index tracks nominal prices in local currency.
Also Read | Mumbai, Delhi luxury real estate among top 5 globally: Knight Frank
Seoul ranks first with 18.4% increase in average prices during October-December quarter of 2024, followed by Manila (17.9%), Dubai (16.9%), Tokyo (12.7%), and Nairobi (8.3% rise).
"New Delhi's impressive 6.7% price growth in the past 12 months driven primarily by affluent homebuyers looking for a lifestyle upgrade in the backdrop of a strong economic environment.
The city jumped from the 16th spot in the October-December period of 2023 to the sixth spot in the December quarter of 2024, it added.
Mumbai prime residential prices also grew a strong 6.1% year-on-year (YoY) in Q4 2024, securing the seventh spot in the overall rankings.
Srinivas University's 7th convocation saw 2,233 students graduate, with inspiring speeches and awards highlighting the ceremony.
Dalai Lama and BJP leader Sambit Patra receive Z-category security cover from CRPF in India.
Senior scientist emphasizes water conservation and sustainable resource management for future generations at international conference on environmental sustainability.
Chairperson G. Pallavi visits nomadic communities in Kodagu, urging them to benefit from government schemes for economic stability.
Minister C.V. Ganesan inaugurates phase III of Makkaludan Mudhalvar scheme in Krishnagiri
Yuvraj ahead of Jamal by a stroke
Arrest of Vamsi illegal, says YSRCP leader Botcha Satyanarayana. The NDA government in Andhra Pradesh has been resorting to vendetta politics since coming to power, and has failed to implement its electoral promises, he says.
UDF hartal in Wayanad over wild animal attacks disrupts daily life, affecting businesses, transportation, and educational institutions.
Kalaburagi CPI(M) demands Karnataka government enforce Micro Loan Ordinance, curb microfinance harassment, and support self-help groups.
CITU representatives seek action against contract worker employment at Samsung and S.H. Electronics India factories in Sriperumbudur.
Kalyana Karnataka Literary Festival at Gulbarga University features seminars, renowned writers, and interactive sessions on literature.
Beyond a rise in operational expenses, BMRCL is grappling with substantial loan repayment commitments, officials said.
A significant ruling by the Delhi High Court – former Congress MP Sajjan Kumar has been convicted in a dual murder case related to the 1984 anti-Sikh riots.