Mumbai, B'luru among best performing APAC residential markets: Knight Frank

Mumbai and Bengaluru are among five best performing residential markets in Asia Pacific in terms of annual price growth with 7 per cent increase in rates in both the cities, according to Knight Frank.

In its Asia-Pacific Residential Review Index, real estate consultant Knight Frank said that Mumbai and Bengaluru have found place in the top five best performing Asia-Pacific residential markets in terms of annual price growth in H2 (second half) of 2022.

As many as 14 out of 23 Asia-Pacific (APAC) cities have recorded positive annual price growth with Metro Manila ranked as the best-performing Asia-Pacific market with 24 per cent year-on-year (YoY) growth.

Singapore was at second position with 9.3 per cent growth in price, while Tokyo ranked third with 9 per cent appreciation in residential prices.

"Mumbai and Bengaluru shared the 4th position on the Asia-Pacific Residential Review Index as both registered a price growth of 7 per cent YoY (year-on-year) in H2 2022. Delhi found a plac