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Mumbai's luxury real estate market is experiencing a significant boom, according to a recent report by Knight Frank India. The city secured the third position in the prestigious Prime Global Cities Index for Q4 2023, reflecting a surge in demand for upscale homes. This impressive performance is attributed to affluent buyers seeking lifestyle upgrades against the backdrop of a robust Indian economy.

 

Mumbai Climbs the Rankings

Knight Frank's report highlights Mumbai's remarkable growth, jumping five spots from its eighth position in Q4 2022 to claim the third spot in Q4 2023. This upward trend signifies the city's growing appeal among high-net-worth individuals and the resilience of its luxury housing segment.

Read more - timesproperty.com/news/post/mumbai-luxury-homes-take-thir...

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Uploaded on March 22, 2024