Bengaluru Shines in Global Prime Property Market, Ranks 4th with 10.2% Growth
Bengaluru has secured the 4th position among 46 global cities for prime residential property price appreciation, according to Knight Frank's Prime Global Cities Index. The city recorded a 10.2% annual price increase in premium housing properties. Mumbai and Delhi also performed well, ranking 6th and 15th respectively with 8.7% and 3.9% growth. This outperformance comes against a global average of 2.3% growth in prime residential prices. The strong showing is attributed to robust demand, limited prime supply, and continued wealth creation in metropolitan areas.
*this image is generated using AI for illustrative purposes only.
In a testament to India's burgeoning luxury real estate market, Bengaluru has emerged as a top performer on the global stage, securing the 4th position among 46 cities worldwide for prime residential property price appreciation. This remarkable achievement comes from Knight Frank's latest Prime Global Cities Index report, which highlights the robust growth in India's premium housing sector.
Bengaluru Leads Indian Cities
The Silicon Valley of India recorded an impressive 10.2% annual price increase in premium housing properties, outpacing many global counterparts. This strong performance underscores the city's growing appeal to high-net-worth individuals and international investors.
Mumbai and Delhi Also Shine
Following closely behind, Mumbai claimed the 6th spot on the global rankings with a solid 8.7% growth in prime residential prices. The national capital, Delhi, also made its mark, securing the 15th position with a respectable 3.9% appreciation.
Global Context
The performance of Indian cities is particularly noteworthy when compared to the global average. While the worldwide prime residential price growth stood at 2.3% for the 12 months ending June, down from 3.5% in the previous quarter, Indian metros significantly outperformed this benchmark.
Top Global Performers
| Rank | City | Annual Price Appreciation |
|---|---|---|
| 1 | Seoul | 25.20% |
| 2 | Tokyo | 16.30% |
| 3 | Dubai | 15.80% |
| 4 | Bengaluru | 10.20% |
| 6 | Mumbai | 8.70% |
| 15 | Delhi | 3.90% |
Seoul topped the global rankings with a staggering 25.2% annual appreciation, followed by Tokyo at 16.3% and Dubai at 15.8%.
Factors Driving Growth
Knight Frank attributes the strong performance of Indian cities to several key factors:
- Robust demand for premium properties
- Limited prime supply in key urban centers
- Continued wealth creation in metropolitan areas
These elements have combined to create a favorable environment for luxury real estate appreciation, particularly in cities like Bengaluru, which has a thriving tech industry and a cosmopolitan lifestyle.
Implications for the Indian Real Estate Market
The impressive showing of Indian cities in the global prime property market indicates a maturing luxury real estate sector. It reflects growing confidence among affluent buyers and investors in the long-term value of premium properties in India's major urban centers.
As Indian cities continue to develop and attract global talent and investment, the luxury real estate segment is likely to remain a focal point for both domestic and international investors looking for strong returns and prestigious assets.
The resilience of the Indian premium housing market, even as global averages show signs of cooling, suggests that the country's top-tier real estate remains an attractive proposition in the international property landscape.
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