![]() ![]() ![]() Knight Frank India CMD Shishir Baijal said, "The Indian economy stood out with steady performance despite concerns around global growth and inflation that marked most of 2022." However, he said the Indian real estate markets displayed continued momentum in demand, amid concerns of an inflationary environment and weathered a steep rise in home loan rates over the past 12 months. While the demand has been strong for all segments, the consultant said it has seen a rise in the sale of higher value products. Mumbai's significant rise on the international index was largely due to the rise in demand in the city, the consultant attributed. The index tracks nominal prices in local currency. The Prime Global Cities Index is a valuation-based index tracking the movement of prime residential prices across 46 cities worldwide. ![]()
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