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Bengaluru is the 26th fastest-growing prime residential market in the world in terms of annual price appreciation, according to Knight Frank’s prime global cities index Q2 2020 released on Monday.
It said the premium micro-markets of the city recorded a rise of 0.6 percent in annual capital value change in Q2 to an average price of Rs 19,727 per square feet.
New Delhi ranked 27th on the global index with a 0.3 percent rise in terms of annual capital value change in the prime residential market to an average price of Rs 33,625 per square feet in Q2.
Mumbai’s prime residential market ranked 32nd, registering a decline of 0.6 percent with an average price of Rs 64,388 per square feet.
Source: BM
