New Delhi ranks 6th, Mumbai 7th in global luxury home price rise: Report

New Delhi has jumped to the sixth position among 44 cities globally in price appreciation of luxury homes with the national capital seeing an average 6.7 per cent increase in rates during the latest December quarter, according to Knight Frank.

Real estate consultant Knight Frank on Monday released its 'Prime Global Cities Index Q4 2024' report. It is a valuation-based index tracking the movement of prime residential prices across 44 cities worldwide. The index tracks nominal prices in local currency.

Seoul ranks first with 18.4 per cent increase in average prices during October-December quarter of 2014, followed by Manila (17.9 per cent), Dubai (16.9 per cent), Tokyo (12.7 per cent), and Nairobi (8.3 per cent rise).