Question: Which Indian city is the 16th most expensive residential market in the world?
(a) Hyderabad
(b) Chandigarh
(c) Mumbai
(d) Kolkata
Answer: (c)
Related facts:
- Mumbai, the financial capital of the country, is the 16th world most expensive residential market in the world as per world Frank Prime International Residential Index (PIRI 100).
- Manila topped the list of the world’s most expensive residential market in the world.
- Singapore was the only other city in Asia-Pacific that emerged in the top ten of the PIRI 100.
- In Mumbai, 1 million dollar can now buy around 100 sq m which is around 930 dollar per sq ft.
- As compared to Last year, In terms of price rise, Indian luxury home markets remained low on the growth chart with Delhi gaining 1.4%, Bengaluru 1.1% and Mumbai 0.3%.
By Siddharth
Links:
https://www.knightfrank.co.in/news/mumbai-is-16th-most-expensive-prime-residential-market-in-the-world-knight-frank%E2%80%99s-prime-international-residential-index-013010.aspx
https://www.business-standard.com/article/news-ians/mumbai-world-s-16th-most-costly-prime-residential-market-report-119030600852_1.html
https://economictimes.indiatimes.com/industry/services/property-/-cstruction/mumbai-is-16th-most-expensive-prime-residential-property-market-in-the-world/articleshow/68296245.cms
https://www.moneycontrol.com/news/business/real-estate/mumbai-is-worlds-16th-most-expensive-prime-residential-market-report-3616701.html