Bookmark Bookmark

PRIME GLOBAL CITIES INDEX Q1 2021

PRIME GLOBAL CITIES INDEX Q1 2021

Context

Recently, ‘Prime Global Cities Index Q1 2021’ was released.

Details

The Prime Global Cities Index is a valuation-based index tracking the movement in prime residential prices in local currency across 45+ cities worldwide.

The index is published by Knight Frank.

Knight Frank LLP is an estate agency, residential and commercial property consultancy founded in London by John Knight, Howard Frank and William Rutley in 1896.

As per the report

  • India’s top property markets have witnessed a slight decline in the prime residential prices.
  • Prime residential property is defined as the most desirable and most expensive property in a given location.
  • ‘Prime Global Cities Index Q1 2021’ has been topped by the Chinese city of Shenzhen, followed by Shanghai and Guangzhou.
  • Mumbai and New Delhi have moved one spot down to 32nd and 36th rank respectively, while Bengaluru has moved down four spots to 40th rank.

You might be interested:

ARYNA SABALENKA WON MADRID OPEN

ARYNA SABALENKA WON MADRID OPEN Context Aryna Sabalenka of Belarus won Madrid Open 2021. Details Aryna Sabalenka of Belarus beat top seed Ashleigh Barty of Australia in three sets to win the women& ...

a month ago

One Liners of the Day, 09 May 2021

Defence In a major reform to fast-track decision making in the Armed forces, the Government has appointed military officers as additional and joint secretaries in - the Defence Ministry. Additional S ...

2 months ago

Daily News Digest:08 May 2021

WORLD THALASSEMIA DAY 2021Every year World Thalassemia Day is celebrated on May 8. Theme World Thalassemia Day 2021 :  “Addressing Health Inequalities Across the Global Thalassemia Communit ...

2 months ago

WORLD RED CROSS AND RED CRESCENT DAY 2021

WORLD RED CROSS AND RED CRESCENT DAY 2021 Context Every year, World Red Cross and Red Crescent Day is observed on 8 May. Details Theme 2021 World Red Cross and Red Crescent Day: ‘Unstoppable& ...

2 months ago

WORLD MIGRATORY BIRD DAY: 08 MAY

WORLD MIGRATORY BIRD DAY: 08 MAY Context World Migratory Bird Day 2021 is observed globally on 8 May. About World Migratory Bird Day It was initiated in 2006 by the Secretariat of the Agreement on t ...

2 months ago

N RANGASAMY SWORN IN AS CHIEF MINISTER OF PUDUCHERRY

N RANGASAMY SWORN IN AS CHIEF MINISTER OF PUDUCHERRY Context Recently, N Rangasamy has been sworn in as the Chief Minister of the Union Territory of Puducherry. Details He has sworn in for a record ...

2 months ago

Provide your feedback on this article: