Mumbai ranks 15th on Knight Frank's Prime Global Cities Index

Witnesses positive growth of 0.3% in the Residential Sector as of September 2012 vis-a-vis negative growth of -9.1% in March 2012

The Knight Frank Prime Global Cities Index established in 2011 is the definitive means for investors and developers to monitor and compare the performance of prime sales markets across key global cities.

• Fifteen of the 26 cities tracked by the Prime Global Cities Index (58%) recorded flat or positive price growth in the year to September, but over the last quarter 20 of the 26 cities (77%) have seen flat or positive growth - indicating an improving scenario
• Cities in Europe remain the weakest performers, recording a fall of 0.5% on average in the last 12 months
• Jakarta (up 28.5%) was the strongest performer in the year to September
• Mumbai's Residential Market shows a positive growth of 0.3% as of September 2012 as against -9.1% from March 2011 - March 2012
• Asia's prime markets look to be entering a period of more moderate growth due in part to the regulatory measures aimed at cooling prices and improving domestic affordability

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