Indian Cities Enter Top 5 Global Real Estate Markets!

Maharashtra's capital city Mumbai is the financial capital of the country. The cost of living is high there and it is not everyone’s cup of tea to buy houses there. Mumbai recently added a new feather to its cap by beating Beijing in the billionaire count and emerged as the billionaire capital of Asia.

No words can describe the boom of Real Estate in Mumbai. Not just in the country, Mumbai is at the top in the world. A new study found that Mumbai is in third place globally in real estate.

The latest report of Knight Frank said that Mumbai improved its ranking and reached third place from the sixth place. The study found that the prices in the prime residential areas increased by around 11.5 percent compared to last year. With this, it reached the third spot from sixth.

Overall it's a big gain for the Indian cities with Delhi also improving its spot. The national capital which stood at the 17th place earlier reached the 5th place. The year-on-year (YoY) growth of 10.5 percent it recorded played a key role in this.

Mumbai and Delhi are among the top Metropolitan cities in the country. The two cities are among the top five places in global real estate. With this, we can understand the growth of real estate. Manila and Tokyo are in the top two positions globally in the real estate market. Mumbai is in third place.

Talking about the global trend the report said that there is an annual growth of around 4.1 percent and this is the fastest since 2022. On the other hand, Bengaluru slipped from the position due to fewer numbers.