Knight Frank and Citi Private Bank revealed the details of Wealth Report 2010, their latest worldwide research. One of the key revelations of the report was that the thriving realty markets in Mumbai and New Delhi had a level of “significant promise” for investors.
The Wealth Report gives a world’s eye on the prime residential property markets’ performance. It also places special emphasis on the important areas in the property markets of Asia Pacific.
Pranab Datta, Vice Chairman and MD of Knight Frank India opines that prime markets are growing in every city of the country, but areas like South New Delhi and South Mumbai in particular, are the markets which are the most highly priced. Chennai, Hyderabad and Bangalore follow after these.
“We anticipate that the prices especially in cities such as Mumbai and Delhi will return to the peak levels of 2008 in this year 2010”, says Mr. Datta.
The Wealth Report 2010 also lays emphasis on three main surveys, namely, World’s most Influential Cities survey, HNWI Attitudes to Property and Wealth, and Prime International Residential Index (PIRI).