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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Fire in coach of New Delhi-Chennai express train; no casualty
Nagpur (PTI): A coach of the New Delhi-Chennai Grant Trunk Express caught fire in Maharashtra's Wardha district on Tuesday morning, railway officials said.
There were no casualties, they said.
Train 12616 New Delhi-Chennai (Tambaram) Grant Trunk Express left from Nagpur in the morning. While it was heading towards Sindi railway station in Wardha, smoke was detected in the last guard coach of the train at 11.09 am, Central Railway spokesperson Sanjay Muley told PTI.
The train was stopped on the Sindi-Tuljapur section, the affected coach was detached immediately, and the fire brigade was called, he said.
All passengers in the train and the coach concerned were safe, the official said.
The cause of the fire will be known after a detailed investigation.
The train will resume its journey in some time without the affected coach, the official added.
