August 23, 2024 4:57 PM

Mumbai ranks second globally in property price growth: Knight Frank Report

Driven by a surge in demand for residential and luxury properties, Mumbai has ascended to the second spot in the latest Prime Global Cities Index, published by property consultancy firm Knight Frank. The index tracks the prices of prime residential properties across 44 cities worldwide. The latest report indicates a slowdown in annual price growth, dropping from 4.1 per cent in the first quarter to 2.6 per cent in the second quarter of 2024, below the long-term average of 5.3 per cent. In cont...