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Average Annual Prices Of Real Estate Rise In Mumbai, Bengaluru & New Delhi: Report

The average annual prices of real estate in Mumbai, Bengaluru, and New Delhi jumped in the third quarter (Q3) of 2022, property consultant Knight Frank said in a report.

 

The “Prime Global Cities Index Q3 2022” report said Mumbai moved up from 39th to 22nd position in Q3 2022. Bengaluru and New Delhi too witnessed an upward movement, rising from 41st and 38th rank, respectively, in Q3 2021 to 27th and 36th position in Q3 2022.

 

The report said the average price in Mumbai rose 4.8 per cent year-on-year (YoY), Bengaluru 3.3 per cent YoY, and New Delhi 1.2 per cent YoY.

 

Factors supporting price growth included strong market sentiment, affordability, low-interest rates, and a stable economy, it said.

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