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Global Property Price Index 2024: Mumbai Ranks 2nd Delhi 3rd

Mumbai on 2nd rank leads the Prime Global Cities Index with a 13% annual price increase, while New Delhi on 3rd and Bangalore maintain 15th position respectively.

Indian Cities' Performance in Knight Frank’s Prime Global Cities Index

Mumbai ranks 2nd globally with 13% annual price increase
New Delhi jumps to 3rd position with 10.6% price growth
Bengaluru maintains 15th rank with 3.7% price rise
Indian cities show strong performance compared to global average
Ranks comparison between 44 cities globally.
Some cities (Madrid, Dubai, New Zealand) experiencing growth slowdown

Global Overview and Top Performers

Manila tops the index with 26% annual price increase
Los Angeles (4th), Miami (5th), and Nairobi (6th) follow Indian cities
Overall global price growth slows to 2.6% across 44 markets
European cities show momentum, led by Stockholm
Dubai experiences slight moderation after 124% increase since 2020

Factors Influencing Price Growth

Premium segment driving sales growth in Indian markets
Increasing affluence and demand for lifestyle-oriented properties
Strong economic outlook sustaining market momentum
Central banks' decisions on interest rates crucial for future growth
Lack of further stimulus from rate cuts affecting global market pricing

Top 10 Cities List of Global Property Price Index 2024

Rank	City	Annual Price Growth %
1	Manila (Philippines)	26.0
2	Mumbai (India)	13.0
3	Delhi (India)	10.6
4	Los Angeles (US)	8.9
5	Miami (US)	7.1
6	Nairobi (Kenya)	6.6
7	Madrid (Spain)	6.4
8	Lisbon (Portugal)	4.7
9	Seoul (South Korea)	4.6
10	San Francisco (US)	4.5

Reliance and Nifty50

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Kallapu-Sajipa Riverfront Road Project

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India's Manufacturing Vision 2025

India's manufacturing policies have recently gained significant attention as the government seeks to strengthen the country's industrial sector and achieve long-term economic growth. The foc

What Drives the Gold Price Rs 1 Lakh?

Gold prices in India have surged to an all-time high, surpassing the Rs 1 Lakh mark per 10 grams for the first time. This significant rise in the Gold Price of Rs 1 Lakh is linked to various g

India’s GDP Growth Rate Falls to 6.4%

Fitch has revised its 2025 GDP forecast for India from 6.6% to 6.4%, a decrease of 10 basis points. This is the most recent global economic news. While this may not seem like a major drop, it’

Boosting Opportunities in the Gig Economy

India is witnessing a quiet revolution in how employment is created. The announcement of 12 lakh jobs in India by 2025 is a huge step toward redefining the gig and logistics economy. With

Nirmala Sitharaman Presents the 2024-25 Economic Survey – An In-Depth Analysis

The Economic Survey 2024-25 emphasizes India's consistent economic growth, forecasting a 6.4% GDP increase in FY25. Key highlights include controlled inflation, robust trade performanc

MoMSME Unveils TEAM Initiative to Enhance Digital Presence of MSMEs in India

The Ministry of Micro, Small, and Medium Enterprises (MoMSME) has introduced the MSME Trade Enablement and Marketing (TEAM) Initiative, a pioneering initiative designed to strengthen the d

Union Budget 2025: Understanding the Concept of 'Bahi Khata'

The ‘bahi khata’ is a traditional Indian ledger employed for accounting and maintaining records. It is typically a bound book, often covered in cloth, used to track financial t

CRED Introduces e₹ Wallet, Boosting India’s Digital Currency Adoption

CRED has become the first fintech platform to incorporate India’s e₹ wallet, a digital currency supported by the RBI. In partnership with YES Bank, CRED enables users to store and

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Global Property Price Index 2024: Mumbai Ranks 2nd Delhi 3rd

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