Hyderabad has emerged as the only Indian city in top 20 among 150 global cities, in terms of appreciation in residential real estate prices, standing at the 14th spot with a 9% on-year rise in home prices, as per the Knight Frank’s Global Residential Cities Index Q3 2019.
Budapest leads the index, with the highest annual growth rate of 24%, followed by Xi’an and Wuhan in China at 15.9% and 14.9 per cent, respectively. Among other Indian cities that have seen an appreciation in home prices, New Delhi stood at the 73rd rank globally, with a 3.2% rise; Bengaluru at the 94th rank with a 2% appreciation and Ahmedabad at the 108th rank with a 1.1% growth.
Among the Indian cities which have seen de-growth in home prices, Kolkata was ranked at the 130th spot with a decline of 2%, Mumbai at the 135th rank with a de-growth of 3% and Chennai at the 136th rank with a fall of 3%. Pune was the lowest-ranked Indian city standing at the 138th spot, registering a 3.5% decline in home prices.