Delhi among fastest growing mkt globally for luxury residential real estate

Berlin with a growth of 12.7 per cent and Frankfurt with a rise of 12 per cent in capital value over the past one year top the table

National capital New Delhi has emerged as the 10th fastest growing city globally for luxury residential real estate with a rise of 4.4 per cent in capital value over the past one year, says the latest report by Knight Frank. Bengaluru with a rise of 2.8 per cent in capital value year-on-year and Mumbai (up 0.8 per cent) are ranked 15th and 30th, respectively in the 46 cities tracked by Knight Frank globally. 

“New Delhi, by virtue of limited supply of luxury properties saw a rise in weighted average of capital values at Rs 33,511 per square feet – an