Mumbai Ranks at 37th Place Globally in Price Growth in Luxury Housing

Mumbai’s jumped to rank 37 from 92 in a global list of movement in prices of luxury homes as the city saw a gain of 6.4 percent during the 2022 calendar year.

Property consultant Knight Frank virtually released ‘The Wealth Report 2023’ in which Mumbai has ranked 37th.

Mumbai’s prime property market has witnessed a price appreciation of 6.4 percent globally which moves up the city to 37th position on the PIRI 100 in 2022 as opposed to 92nd in 2021

Prime properties in Mumbai are expected to witness an appreciation of 3 percent in 2023

As per the report, the prime residential prices in Dubai rose 44.2 percent in 2022, maintaining its position at the top of Knight Frank’s PIRI 100 and cementing its status as a global hub