Mumbai ranks 22nd in Global Prime Cities Index by Knight Frank

• Mumbai stood at 22nd rank in a global index that measures annual price appreciation of premium residential properties, according to Knight Frank. In its report on ‘Prime Global Cities Index Q3 (July-September) 2022’, Property consultant Knight Frank said that all three Indian cities: Mumbai, Bengaluru and New Delhi, registered an increase in average annual prices in the third quarter of 2022.
• The prime global cities index is a valuation-based index tracking the movement in prime residential prices in local currency across 45-plus cities worldwide.
• Mumbai moved up to 22nd rank in the third quarter of 2022 from 39th rank in the year-ago period.
• Bengaluru’s rank also moved up to 27th as against 41st, while New Delhi’s position improved to 36th rank from 38th rank.

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