Global Luxury Real Estate Market Rankings
The global luxury housing market showed an increase in the final quarter of 2024 and recorded an average annual price growth of 3.2%. It shows the strongest performance since Q1 of 2024 across 44 major global cities.
Mumbai, Delhi, and Bengaluru are among the top 15 cities in home price rise from India. Investing in new launch properties like Prestige Southern Star in Bengaluru has the potential for good returns.
Delhi is placed at the 6th position among 44 global cities in terms of luxury house price appreciation. It had an average price increase of 6.6% in the luxury housing area during the Dec 2024 quarter. The latest ranking shows the demand for properties in Delhi, reflecting investor interest and a robust real estate market.
| Rank | City | Increase in Avg Prices |
| 1 | Seoul | 18.5% |
| 2 | Manila | 17.8% |
| 3 | Dubai | 16.8% |
| 4 | Tokyo | 12.8% |
| 5 | Nairobi | 8.4% |
| 6 | New Delhi | 6.6% |
| 7 | Mumbai | 6.2% |
| 8 | Madrid | 5.6% |
| 9 | Perth | 5.4% |
| 10 | Lisbon | 5.3% |
| 11 | Singapore | 5.1% |
| 12 | Brisbane | 4.2% |
| 13 | Bengaluru | 4.2% |
| 14 | Zurich | 4.1% |
| 15 | Dublin | 3.8% |
Bengaluru climbed to 13th place in Q4 2024 from 27th place in Q4 2023. It recorded an annual price increase of 4.2% in its prime housing area. The most expensive luxury real estate in India are the Bengaluru’s IT-driven penthouses. The metro city seems to steal the spotlight when it comes to high real estate prices.
Interest rate cuts will likely start in 2025, which could lead to high price growth in the luxury housing area. The rise in luxury housing prices in India shows the growing demand in this segment. Wealthy buyers are showing their interest in high-end properties in India, driven by a stable economy and strong real estate market.
The sharp increase in luxury property prices in India shows the strong demand in India’s luxury housing market. As more buyers seek lifestyle upgrades, luxury home prices are likely to continue rising in future in India.
