Mumbai ranks 24th in luxury homes price

NEW DELHI, MAY 16: The financial capital of Mumbai is having a high Proportion of wealthy People. With great convenience, there is a lot of demand in Mumbai for luxury homes.

In the backdrop of this, the Mumbai metropolitan city is ranked 24th in the world of luxury housing prices.

Coming to Details, In this year January-March, home prices raised by 1.10 percent. When Compared to financial markets such as Zurich, London, and Milan, It is noticeable that Mumbai is much better.

In Zurich, prices fell by 7 per cent, London 6.4 percent and Milan's 0.9 percent each has dropped.

The list of Real Estate Consultancy firm 'Knight Frank India' has revealed the 'Prime Global City Index-2017 Queue 1'. The company is based in 41 cities worldwide and revealed the list. Bangalore ranked 29th on the list.

In the past five years, prices have fallen by 0.20 per cent. The city's capital Delhi has a 2.60 percent decline and the city is at 35th position. China's Guangzhou (1) and Beijing (2) are in the top two in the list.

Luxury housing prices in these cities have risen by 36.20 per cent and 22.90 per cent respectively.