Bengaluru records fourth highest residential price growth globally: Knight Frank Report
Bengaluru: Bengaluru has emerged as the fourth most expensive city globally in terms of annual residential price growth, trailing only Seoul, Dubai, and Tokyo, as of March 2025, according to a new report by property consultancy Knight Frank.
Between April 2024 and March 2025, the city’s prime residential prices rose by 8.3%, the highest among Indian cities. On a quarterly basis, Bengaluru also posted a robust 7.2% increase in housing prices, the report cited by Deccan Herald noted.
The consistent rise in prices highlights strong end-user demand, particularly in the premium housing segment, driven largely by domestic buyers, the report said.
“As interest rates soften and buyer sentiment strengthens further, we expect prime residential demand to remain resilient and forward-looking,” DH quoted Shishir Baijal, Chairman and Managing Director, Knight Frank India, as saying.
Seoul, leading globally, recorded an annual surge of 18.4%, followed by Dubai at 16.4% and Tokyo at 15.5%. These were the only cities to experience double-digit growth.
Other Indian cities also made it to the list: Mumbai ranked fifth globally with a 7.6% annual increase, while Delhi placed 15th with a 3.9% rise, as of March-end.
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Minister Parameshwara says remarks on properties linked to drug peddlers 'misunderstood'
Tumakuru (PTI): Karnataka Home Minister G Parameshwara on Saturday said his recent remarks on the demolition of properties linked to those involved in narcotics trade were "misunderstood and misinterpreted".
His clarification follows remarks made two days ago on the government's uncompromising crackdown on the drug menace, including action against properties linked to foreign nationals allegedly involved in drug trafficking.
"It is unfortunate. It is taken in the wrong sense. I didn't mean that tomorrow itself I am going to send bulldozers and demolish the houses. That was not my intention. It was wrongly taken," he told reporters here.
Responding to Congress MLC K Abdul Jabbar's question in the legislative council on the growing drug menace in Bengaluru, Davangere and coastal districts, the minister on Thursday detailed the extensive enforcement measures initiated since the Congress government assumed office.
Pointing to the involvement of some foreign nationals, the minister had said, "Many foreign students from African countries have come to Karnataka. They are into the drug business. We catch them and register cases against them, but they want the case to be registered because once the case is registered, we cannot deport them."
"We have gone to the extent of demolishing the rented building where they stay," he had said.
