Properties in Mumbai
Real Estate News: Mumbai ranks third in the Asia Pacific region in annual price hike of prime housing properties during the September 2024 quarter. Giving this information, property consultant Knight Frank said that during this period, there was an annual price increase of 11.5 percent in Mumbai. According to the report, in terms of prime residential properties, there was an annual price increase of 29.2 percent in Manila and 12.8 percent in Tokyo during the period under review. “Mumbai ranks third in the prime residential property price growth index for the Asia Pacific region,” Knight Frank India said in a statement on Friday.
Prices increased by 11.5%
Prices of housing properties in Mumbai have increased by 11.5 percent on an annual basis in the third quarter of 2024. Mumbai is the 14th most expensive prime residential market in the Asia Pacific region with an average price of US$ 953 per square foot by Q3 2024. Delhi is ranked fifth and Bengaluru seventh in the annual major housing price growth index in the Asia Pacific region.
Delhi’s Khan Market
Khan Market, located in the country’s capital Delhi, is ranked 22nd in the global list of most expensive retail places. The annual rent here is US$229 (over Rs 19,000) per square foot. According to Cushman & Wakefield (C&W), Milan’s Via Monte Napoleone in Italy has become the world’s most expensive location with an annual rental of US$2,047 per square foot. It surpasses New York’s Upper 5th Avenue (49th to 60th Street), where rents are US$2,000 per square foot.
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