New Delhi 9th fastest growing prime residential market

New Delhi: India's national capital moved one place higher to become 9th fastest growing prime residential market in the world, while Bengaluru slipped five slots to 20th position in the latest list, according to a report.

Mumbai has been ranked at 28th position, up two ranks from 30th for the second quarter of 2019 calendar year. Global property consultant Knight Frank on Tuesday released its report 'Prime Global Cities Index' for the third quarter this year.

It tracks the movement in prime residential prices in local currency across 45 cities worldwide. Moscow leads the index this quarter with prime home prices rising by 11.1 per cent over the 12 months to September 2019, followed by Frankfurt (10.3 per cent) and Taipei (8.9 per cent).

Seoul was the weakest-performing global city in the year to September, with luxury home prices falling by 12.9 per cent.