London-based property consultant Knight Frank has ranked New Delhi and Mumbai in 32nd and 36th positions respectively in the Global Prime Residential Index. While Bengaluru moved down by four places in Q1 2021 and is ranked 40; Delhi and Mumbai dipped one place each in the same period.
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Three Chinese cities – Shenzhen, Shanghai and Guangzhou lead the index this quarter. Shenzhen recorded the strongest performing world region with a growth of 18.9%, while New York was the weakest performing market with negative 5.8% growth. Some of the world’s top metropolises, New York, Dubai, London, Paris and Hong Kong are seeing prices soften. New York was the weakest-performing global city during the period.
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