![]() The region, which is suffering from the problem of high inventory and slow sales velocity, witnessed a significant slowdown in its luxury residential market, the report stated. Mumbai features at the 30 th rank with a mere 0.8 percent 12-monthly change, recording a weighted average capital value for prime properties at Rs 64,764 per sq ft. However, dark clouds from the non-banking financial company (NBFC) crisis looms large over industry participants. ![]() Residential property prices have largely flattened out in Bengaluru, with a 1.7 percent uptick over the past six months and the region is slowly coming out of the woods, the international property consultant said in a recent report. Compared to the first quarter of 2019, when Bengaluru was ranked 20 for the 12-monthly change, the city's ranking has moved up by five places in Q2.īengaluru recorded a weighted average capital value for prime properties of around Rs 19,000 per sq ft. The capital region, by virtue of its limited supply of luxury properties, saw a 4.4 percent rise in weighted average of capital values, which were recorded at Rs 33,511 per square feet.īengaluru (2.8 percent) and Mumbai (0.8 percent) were ranked 15th and 30th on the list, respectively. New Delhi is the 10 th fastest growing prime market in the world on Knight Frank's Prime Global Cities Index, down three places from its position in the first quarter of 2019.
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