Are Bengaluru, Mumbai, and Delhi Among the Top 15 Global Prime Residential Markets?
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Synopsis
Discover how India's prime residential markets are thriving amidst global challenges. With Bengaluru, Mumbai, and Delhi all ranking in the top 15 worldwide, this report highlights the factors driving their success.
Key Takeaways
- Bengaluru ranks 4th globally in prime residential markets.
- Mumbai and Delhi hold 6th and 15th positions respectively.
- Indian cities report annual growth rates of 10.2%, 8.7%, and 3.9%.
- Strong demand and limited supply drive market resilience.
- Economic stability is crucial for future price growth.
New Delhi, Aug 18 (NationPress) The prime residential markets in India are showcasing impressive growth, outpacing numerous global counterparts. A recent report highlights that Bengaluru, Mumbai, and Delhi have secured spots in the top 15 of 46 major global cities.
Despite a global trend of cooling in prime residential price growth — averaging 2.3 percent annually compared to 3.5 percent in Q1 2025 — Indian cities exhibit remarkable resilience. This is attributed to strong demand, limited prime supply, and ongoing wealth creation in urban areas, according to Knight Frank’s findings.
The report specifies that Bengaluru, Mumbai, and Delhi report annual growth rates of 10.2 percent, 8.7 percent, and 3.9 percent, respectively.
Bengaluru ranks 4th globally, while Mumbai and Delhi hold 6th and 15th positions, respectively.
“India’s prime residential markets have showcased significant resilience, especially in a year where global growth has slowed. The tech-driven wealth in Bengaluru, the infrastructure-led appeal of Mumbai, and the consistent luxury demand in Delhi have kept India in the spotlight,” stated Shishir Baijal, Chairman and Managing Director of Knight Frank India.
Baijal anticipates that ongoing economic stability, urban redevelopment, and the attractiveness of prime assets as long-term wealth stores will continue to bolster price growth in the upcoming months.
Globally, Seoul led the rankings with an impressive 25.2 percent annual growth, followed by Tokyo (16.3 percent) and Dubai (15.8 percent).
The report also mentions other growing markets in the top 15, including Dubai (15.8 percent), Manila (9.1 percent), Bangkok (7.1 percent), Madrid (6.4 percent), and Nairobi (5.6 percent). Additionally, Zurich, Singapore, Auckland, Geneva, and Los Angeles are among the top-growing markets.
Liam Bailey, Knight Frank’s Global Head of Research, remarked, “Prime markets are collectively pausing. The recovery seen in recent quarters was bolstered by expectations of lower borrowing costs, and with that timeline now extended, a cooling in price growth is unavoidable.”
Point of View
It's evident that India's prime residential markets are not merely surviving but thriving amidst global uncertainties. The continued demand and urban development in cities like Bengaluru, Mumbai, and Delhi highlight a robust economic landscape that investors should watch closely.
NationPress
08/10/2025
Frequently Asked Questions
What cities in India are among the top prime residential markets?
Bengaluru, Mumbai, and Delhi are recognized as top prime residential markets in India, ranking within the top 15 globally.
What are the annual growth rates for these cities?
Bengaluru has an annual growth rate of 10.2%, Mumbai at 8.7%, and Delhi at 3.9%.
What factors contribute to the success of these markets?
Strong demand, limited supply, and sustained wealth creation in urban areas are key factors contributing to their success.
How do Indian markets compare to global trends?
Despite a global cooling in prime residential price growth, Indian cities are resilient and outperform many global peers.
What is the outlook for India's prime residential markets?
Continued economic stability and urban redevelopment are expected to support ongoing price growth in these markets.
