Delhi Surges to 6th, Mumbai Follows at 7th in Global Luxury Home Price Growth

Luxury Home Prices Soar in Delhi

New Delhi has climbed to the sixth spot among 44 global cities in luxury home price appreciation, recording an average 6.7% increase in the December 2024 quarter, according to Knight Frank's latest report.

Knight Frank’s Prime Global Cities Index Q4 2024

Released on Monday, the Prime Global Cities Index Q4 2024 tracks nominal price movements in local currencies across premier real estate markets. The index revealed that Seoul topped the global list, with an 18.4% surge in prime residential prices during October-December 2024. Other high-ranking cities included Manila (17.9%), Dubai (16.9%), Tokyo (12.7%), and Nairobi (8.3%).

Mumbai Secures 7th Spot with Robust Growth

Mumbai's prime residential prices also witnessed a strong 6.1% year-on-year growth in Q4 2024, placing it at seventh in the global rankings. This reinforces India’s growing prominence in the luxury real estate market.

News Disclaimer

This article is based on the Prime Global Cities Index Q4 2024 report by Knight Frank. The data represents nominal price changes in local currency and is subject to further revisions. Readers are advised to consult real estate experts or market analysts before making investment decisions.