Business Standard-Delhi ranks 6th globally for luxury home price growth, 6.7% rise in Q4
New Delhi has emerged as a top contender in the global luxury real estate market, securing the 6th position among 44 cities worldwide for the highest price appreciation of luxury homes, according to the latest Prime Global Cities Index Q4 2024 by real estate consultant Knight Frank. The capital city saw a 6.7% increase in luxury home prices during the December 2024 quarter, reflecting a growing demand for high-end properties in India’s capital.
The Prime Global Cities Index, a valuation-based tracking system for prime residential prices, evaluates price changes in luxury properties across 44 cities globally. Seoul topped the list with a remarkable 18.4% surge, followed by Manila (17.9%), Dubai (16.9%), Tokyo (12.7%), and Nairobi (8.3%). New Delhi’s rise marks it as a key player in the global luxury market.
