Construction Industry News
According to the prime global cities index Q2 2021 by Knight Frank, New Delhi experienced a 0.2% year-on-year drop in prime residential prices, dropping from 32nd to 37th place globally.
The report cites that the premium micro markets in the city held steady on a QoQ basis in Q2, with an average price of Rs 33,572 per square foot. Mumbai and Bengaluru slumped to 40th and 43rd place in Q2 respectively, from 36th and 40th place in Q1.
In the global index, the prime residential market at Bengaluru saw an annual capital value change of 2.7%, resulting in an average price of Rs 19,200 per sq ft.
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