[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd.
Here I have an important Indian real estate news to share with you which is as undermentioned.
MUMBAI: Mumbai, the country’s commercial capital, has emerged as the 16th most expensive prime residential property market in the world. In terms of price rise, Indian luxury home markets remained low on growth chart with Delhi gaining 1.4%, Bangalore 1.1% and Mumbai 0.3%, showed Knight Frank’s Prime International Residential Index.
Known for its upscale casinos, yacht-lined harbour and prestigious Grand Prix motor race, Monaco emerged as the most expensive of all prime markets globally. One can buy only 172 sq ft with the budget of $1 million.
“While Manila’s 11% growth is far from the norm for the city, it confirms the theory that outliers are disappearing, and we are moving to a period of slower price growth. Within Asia-Pacific, a slowdown from a 4.9% average growth rate in 2017 to 2.7% in 2018 illustrates this trend,” said Nicholas Holt, Head of Research, Knight Frank Asia Pacific.
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