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Hindustan Times
19 hours ago
- Business
- Hindustan Times
Bengaluru emerges as a global luxury real estate hotspot; Ranks 4th in prime housing growth, Mumbai 6th, and Delhi 15th
Indian luxury housing markets have emerged as global outperformers, with Bengaluru, Mumbai, and Delhi ranking among the top 15 cities in Knight Frank's Prime Global Cities Index (PGCI) for Q2 2025. Bengaluru, driven by tech wealth, secured the 4th spot with a 10.2% year-on-year rise in prime property values. Mumbai, backed by infrastructure upgrades, ranked 6th with 8.7% growth, while Delhi placed 15th with 3.9% on steady luxury demand. Bengaluru rose 10.2% to rank 4th, Mumbai grew 8.7% at 6th, and Delhi 3.9% at 15th in Knight Frank's Q2 index, driven by tech wealth, infra upgrades, and luxury demand. (Representational Image)(ChatGPT) Bengaluru ranked 4th worldwide with a 10.2% year-on-year rise in prime property values, while Mumbai placed 6th with 8.7% growth and Delhi 15th with 3.9%. Globally, Seoul led the rankings with a sharp 25.2% annual increase, followed by Tokyo (16.3%) and Dubai (15.8%), the report said. Knight Frank's PGCI tracks movements in prime residential prices across 46 global cities using valuation-based data from its research network. Also Read: Bengaluru, Mumbai, Delhi among top 15 global cities for prime residential price growth: Knight Frank report The report noted that despite a slowdown in luxury housing markets globally, where average prime price growth eased to 2.3% annually from 3.5% in Q1, Indian cities have remained resilient. Strong demand, limited prime supply, and rising wealth creation in urban centres have supported prices. Shishir Baijal, chairman and managing director of Knight Frank India, said Bengaluru's tech-driven wealth, Mumbai's infrastructure upgrades, and Delhi's steady luxury demand have kept India in the global spotlight. He said that continued economic stability and urban redevelopment will likely sustain growth in the months ahead. Liam Bailey, Global Head of Research at Knight Frank, said the global cooling reflects shifting expectations on borrowing costs, with markets now showing a more fragmented pattern. 'Prime markets are taking a collective breath. The recovery we have seen over recent quarters was aided by the expectation of lower borrowing costs, and with that timeline now pushed out, a cooling in price growth is inevitable. We're seeing a more fragmented market, with some European cities showing surprising strength while former high-flyers in Asia begin to level off," Bailey said.
Economic Times
20 hours ago
- Business
- Economic Times
Bengaluru ranks 4th among 46 cities globally in annual price rise of premium homes: Knight Frank
Synopsis Bengaluru's prime housing market has surged, securing the 4th position globally with a 10.2% price appreciation. Mumbai and Delhi also feature prominently, ranking 6th and 15th respectively, in Knight Frank's Prime Global Cities Index Q2 2025. This growth reflects robust demand and limited supply in India's urban centers, contrasting with a global cooling trend. ANI Bengaluru witnessed a 10.2 per cent increase in prices of prime housing properties, Mumbai (8.7 per cent), and Delhi (3.9 per cent). Bengaluru ranks 4th in a list of 46 cities globally in terms of price appreciation of prime housing properties, according to real estate consultant Knight Frank. Mumbai is at 6th position, while Delhi is at 15th place. As per Knight Frank's Prime Global Cities Index (PGCI) Q2 (April-June) 2025 report, Seoul ranked first with an annual appreciation of 25.2 per cent in prime residential properties. Tokyo is at second position with 16.3 per cent appreciation and Dubai ranks third, clocking 15.8 per cent annual appreciation. The Prime Global Cities Index is a valuation-based index tracking the movement of prime residential prices across 46 cities worldwide. In India, Bengaluru witnessed a 10.2 per cent increase in prices of prime housing properties, Mumbai (8.7 per cent), and Delhi (3.9 per cent). The consultant mentioned that the average global prime residential prices rose by 2.3 per cent in the 12 months to June 2025. "Despite a global cooling in prime residential price growth - averaging 2.3 per cent annually compared to 3.5 per cent in Q1 2025-Indian cities remain resilient, reflecting strong demand, limited prime supply, and sustained wealth creation in urban centres," the consultant said.
Time of India
20 hours ago
- Business
- Time of India
Bengaluru ranks 4th among 46 cities globally in annual price rise of premium homes: Knight Frank
Bengaluru witnessed a 10.2 per cent increase in prices of prime housing properties, Mumbai (8.7 per cent), and Delhi (3.9 per cent). Bengaluru's prime housing market has surged, securing the 4th position globally with a 10.2% price appreciation. Mumbai and Delhi also feature prominently, ranking 6th and 15th respectively, in Knight Frank's Prime Global Cities Index Q2 2025. This growth reflects robust demand and limited supply in India's urban centers, contrasting with a global cooling trend. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Bengaluru ranks 4th in a list of 46 cities globally in terms of price appreciation of prime housing properties, according to real estate consultant Knight Frank Mumbai is at 6th position, while Delhi is at 15th per Knight Frank's Prime Global Cities Index (PGCI) Q2 (April-June) 2025 report, Seoul ranked first with an annual appreciation of 25.2 per cent in prime residential is at second position with 16.3 per cent appreciation and Dubai ranks third, clocking 15.8 per cent annual Prime Global Cities Index is a valuation-based index tracking the movement of prime residential prices across 46 cities India, Bengaluru witnessed a 10.2 per cent increase in prices of prime housing properties, Mumbai (8.7 per cent), and Delhi (3.9 per cent).The consultant mentioned that the average global prime residential prices rose by 2.3 per cent in the 12 months to June 2025."Despite a global cooling in prime residential price growth - averaging 2.3 per cent annually compared to 3.5 per cent in Q1 2025-Indian cities remain resilient, reflecting strong demand, limited prime supply, and sustained wealth creation in urban centres," the consultant said.
Hindustan Times
06-05-2025
- Business
- Hindustan Times
Bengaluru, Mumbai, Delhi among top 15 global cities for prime residential price growth: Knight Frank report
Mumbai, Bengaluru, and Delhi have been ranked among the top 15 global cities for prime residential price growth in Q1 2025, according to a report released by Knight Frank, a real estate consultancy firm. India real estate update: Mumbai, Bengaluru, and Delhi have been ranked among the top 15 global cities for prime residential price growth in Q1 2025. (Picture for representational purposes only)(Mehul R Thakkar) In the Prime Global Cities Index Q1 2025, Bengaluru was fourth, Mumbai fifth, and Delhi was ranked 15th, considering the annual growth of prime residential prices. The Index tracked price movements across prime residential markets in 45 global cities, the report said. According to the report, Bengaluru led the Indian cities with an 8.3% annual rise in prime residential prices, followed by Mumbai at 7.6% and Delhi at 3.9%. This consistent momentum reflects strong end-user demand, especially growing preference for higher value housing among domestic buyers. The report said the average annual price growth across all 45 cities stood at 2.8%, below the long-run average of 5.3% but still marking the eighth consecutive quarter of positive growth. Knight Frank noted that the Prime Global Cities Index is a valuation-based index tracking the movement of prime residential prices using local currency data from its global research network. Also Read: India's top 7 cities record 4% to 8% rental surge in office rents in 2024, global markets show mixed trends: report In Q1 2025, 72% of the cities tracked in the index recorded positive annual growth, with cities in the Asia-Pacific and Middle East regions continuing to lead the global recovery. "The strong performance of Indian cities on the global index reflects the evolving appetite for premium homes, underpinned by economic stability, lifestyle aspirations, and increased global attention on Indian urban centres. Cities like Bengaluru and Mumbai are benefitting from a deeper end-user market, robust infrastructure growth, and rising affluence," said Shishir Baijal, Chairman and Managing Director, Knight Frank India. Also Read: Bengaluru real estate market's rental listing with ₹ 8 lakh deposit for a 3BHK sparks debate on social media "As interest rates soften and buyer sentiment strengthens further, we expect prime residential demand to remain resilient and forward-looking," Baijal added. Also Read: Mumbai real estate: Why are pilots eyeing plots and luxury villas near Navi Mumbai airport? Seoul, Dubai, and Tokyo top the list According to the report, Seoul topped the list with an 18.4% annual rise in prime residential prices, followed by Dubai at over 16%, and Tokyo at 15.5%. Meanwhile, major Western markets such as London and Toronto experienced minor declines. Knight Frank expects future performance to depend on monetary policy clarity, particularly regarding interest rate movements in key global economies.
The Age
05-05-2025
- Business
- The Age
Ooh la la! Perth hits global top 20 for luxury home price growth
Perth has had Australia's strongest luxury home price growth over the past 12 months, but growth is slowing globally as uncertainty grows, Knight Frank's latest research shows. The firm's Prime Global Cities Index first-quarter index for the year, which tracks the movement of prime residential prices across 44 cities worldwide, found Perth came in 16th place globally, with luxury property price growth of 3.8 per cent over the year to the end of March. Sydney and Melbourne both saw a fall in luxury residential prices over the 12 months, with a drop of 0.7 per cent and 2.1 per cent respectively. Over the past three months Sydney, Melbourne and Perth have all seen a fall, with Brisbane the only one in positive territory, recording a minor increase of 0.1 per cent. Asia-Pacific and the Middle East continue to lead the recovery, with Seoul recording the highest luxury price growth at 18.4 per cent over the past 12 months, driven by rising wealth and increasing institutional activity in the luxury residential segment. Also recording double-digit price growth were Dubai and Tokyo. Knight Frank's global head of research Liam Bailey said the direction of interest rates remained pivotal to future luxury residential property prices. 'Although inflation has been easing in many key economies, US policy on tariffs has created the potential for significant future volatility,' he said. 'There is the potential for dis-inflationary pressures to increase outside the US, while the US itself faces a risk of higher inflation. 'While expectations of interest rate cuts have risen outside the US, including in Australia, greater clarity on the pace and extent of future cuts is needed before we see significant upside in pricing in most housing markets.'
