3 Indian cities in global ranking of premium property rates 

Knight Frank’s Prime Global Cities Index, which tracks prices in 46 leading prime markets, fell 0.4% in the 12 months to the end of March 2023 — a U-turn from a peak of 10.1% growth in Q4 2021.

Indian cities 

Three Indian cities have made it to the index, of 46 member cities. The valuation-based gauge tracks the movement of prime residential prices across 46 cities worldwide using data from its global research network.

Mumbai 

Mumbai jumped to the 6th position in 2023, from 22nd the previous year, with a 12-month percentage change of 5.5%.

Bengaluru

Bengaluru rose to the 16th spot from 20th, with a 12 month percentage change of 3%.

New Delhi | 22nd | Percentage change: 1.2% 

In 2022, the national capital was placed at the 28th position.

Dubai 

Dubai tops the ranking with 44% annual growth.

Miami | Percentage change: 11% 

At the second position in the list is Miami, the only city other than Dubai to clock double-digit growth.

Other cities in Top 5 

Zurich: 9.4% | Berlin: 5.7% | Singapore: 5.5% Source: Knight Frank Prime Global Cities Index