Bengaluru performing strongly in Prime residential market

Prime residential market is the premium asset category generally located in the most expensive location of a given city. This category generally occupies the top 5% of each market by value.

Knight Frank’s Prime Global Cities Index is a valuation-based index which tracks the prime residential prices in local currency across cities worldwide. Based on the data from Knight Frank’s global research network Bengaluru was ranked 26th globally with an appreciation of 0.6% and amounting Rs.19, 727 per sq. ft.

The index showed an increase of 0.3% in the case of Delhi which jumped 5 places compared to previous report while Manila, Philippines topped the chart with 14.4% and Tokyo in Japan followed with a positive increase of 8.6%.

The index showed an increase of 0.3% in the case of Delhi which jumped 5 places compared to previous report while Manila, Philippines topped the chart with 14.4% and Tokyo in Japan followed with a positive increase of 8.6%.

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