Archive · 25 Sep 2026
Mumbai Prime Home Prices Rise 6.2%, Rank Eighth Globally
Mumbai’s most expensive homes became 6.2% more valuable over the year ending in the second quarter of 2026.
This placed Mumbai eighth among the cities tracked by Knight Frank.
Bengaluru and New Delhi also ranked among the world’s top 20 markets.
Tokyo had the biggest increase, with prices rising 50.7%.
The global luxury-home market grew 2.6% overall.
However, not every city saw prices rise.
Beijing, Toronto, Wellington and London recorded declines.
Knight Frank said local housing supply, currencies, wealth and interest rates helped explain the differences between cities.
Mumbai’s prime residential prices rose 6.2% annually in Q2 2026, placing it eighth in Knight Frank’s global ranking.
Bengaluru ranked 12th with 4.5% annual growth, while New Delhi ranked 17th with 3.9%.
Tokyo led the ranking with 50.7% annual growth, followed by Manila at 14.6% and Dubai at 10.9%.
Global prime residential prices increased 2.6% in the year to Q2 2026, up from 2% in the previous quarter.
Knight Frank said supply, currency movements, wealth creation and interest rates continued to shape individual markets.
- Who
- Mumbai’s prime residential market, Knight Frank, and other major global housing markets.
- What
- Prime residential prices in Mumbai rose 6.2% annually, ranking the city eighth globally.
- When
- The figures cover the 12 months to Q2 2026.
- Where
- Mumbai and 45 other global cities tracked in Knight Frank’s Prime Global Cities Index.
- Why
- The article attributes market differences to demand, limited supply, location, quality, wealth creation, currency movements and interest rates.
- Mumbai annual growth
- 6.2% in Q2 2026
- Mumbai global rank
- Eighth
- Bengaluru annual growth and rank
- 4.5%; 12th globally
- New Delhi annual growth and rank
- 3.9%; 17th globally
- Global prime-price growth
- 2.6% in the 12 months to Q2 2026, compared with 2% in the previous quarter
- Top-ranked city
- Tokyo, with 50.7% annual growth
- Sharpest reported decline
- Beijing, with prices down 8.4% annually