Mumbai Ranks 2nd, New Delhi 3rd in PGCI Q2 2024; Manila Tops the List

Current Context: According to the Prime Global Cities Index (PGCI) Q2 2024 by Knight Frank. Mumbai has secured the 2nd position with a 13% annual increase in prime residential property prices.

• while New Delhi is ranked 3rd with a 10.6% increase.
• Manila topped the list with a remarkable 26% annual increase.
• This index tracks the performance of luxury residential prices across 44 global cities.
• It’s interesting to see such significant growth in Indian cities, reflecting the increasing demand and rising wealth in these markets.

Question:

1 What position did Mumbai secure in the Prime Global Cities Index (PGCI) Q2 2024?

• A) 1st
• B) 2nd
• C) 3rd
• D) 4th

Answer: B) Mumbai secured the 2nd position in the PGCI Q2 2024, with a 13% annual increase in prime residential property prices.