Delhi named 27th fastest growing prime residential market

New Delhi, Nov 24 : India’s national capital is the 27th fastest growing prime residential market, according to a report by Knight Frank.
Mumbai ranked 33rd while Bengaluru stood at the 34th place.
Globally, Delhi ranked 27th with a 0.2 per cent annual price change for the period Q3 2019-Q3 2020, and with a decline of 0.1 per cent price change in Q3 2020 compared to the previous quarter.
Mumbai ranked 33rd with ‘-1.3 per cent’ annual price change for the period Q3 2019-Q3 2020. The city saw also saw a decline of 0.7 per cent price change in Q3 2020 compared to Q2 2020.
In Bengaluru prices declined 1.4 per cent annual price change for the period Q3 2019-Q3 2020.
The ‘Prime Global Forecast 2021’ report cited the prime residential prices across the 22 cities (on average) are expected to remain static in 2020, before rising by 2 per cent in 2021.