Question
According to the Knight Frank India report 'Prime Global
Cities Index Q1 2023', _____ clinched the top position globally with an increase of 44.2 per cent in prime residential properties values.Solution
According to the Knight Frank India report 'Prime Global Cities Index Q1 2023', Mumbai ranks 6th among 46 cities globally in terms of annual price growth of high-end residential properties with appreciation of 5.5 per cent. The report showed that Mumbai, Bengaluru and New Delhi have registered an increase in average annual prices in January-March 2023. Bengaluru and New Delhi also witnessed an upward movement in index ranking to 16th and 22nd ranks from their previous 37th and 39th ranks. Dubai clinched the top position globally with an increase of 44.2 per cent in prime residential properties values.
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