Mumbai climbs to eighth spot worldwide as prime home values jump 6.2% in Q2

Knight Frank’s Prime Global Cities Index placed Mumbai eighth worldwide for the second quarter of 2026, noting a 6.2% year-on-year rise in prime residential prices, more than double the 2.6% average across 46 cities. Quarterly figures showed a 1.7% increase from the previous three-month period. Bengaluru and New Delhi ranked 12th and 17th, with annual growth of 4.5% and 3.9%, keeping all three Indian markets inside the global top-20.

Analysts attributed Mumbai’s strength to persistent demand for premium locations, quality construction, and scarce inventory, reinforcing its appeal to investors seeking long-term wealth creation. Globally, Asian markets dominated the upper tier, with Tokyo leading at 50.7% annual growth, followed by Manila, Dubai, Singapore and Seoul. Meanwhile, cities such as Beijing, Toronto and Wellington recorded the steepest declines.