Mumbai, which recorded the sixth highest year-on-year growth in prime residential property prices among global cities in the April-June period of 2023, is forecast to record the highest annual price at 5 per cent for the year 2024.
In the April-June period of 2023, prime residential prices in Mumbai grew at 5.2 per cent year-on-year (YoY). With an increase of 3.6 per cent YoY in Q2 2023, Bengaluru ranked 20th and New Delhi positioned itself at 26th with an increase of 0.2 per cent YoY, says Knight Frank in its report ‘Prime Global Cities Index Q2 2023’.
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