Bengaluru Shines in Global Prime Property Rankings

Bengaluru has secured the fourth position globally in terms of the price appreciation of prime housing properties, according to a report by real estate consultant Knight Frank.

India's financial and political hubs, Mumbai and Delhi, rank sixth and fifteenth respectively. Seoul dominates the list, showcasing a remarkable 25.2% annual growth in prime residential prices, with Tokyo and Dubai closely behind.

Despite a general global slowdown in this sector, Indian cities demonstrate robust demand growth due to limited supply and continued urban wealth creation, with a notable 10.2% price increase in Bengaluru's prime housing market.

(With inputs from agencies.)