India secures 54th rank in Knight Frank’s housing price index

17 Sep 2021 CW Team

India has secured the 54th rank out of 55 countries, in Knight Frank’s housing price index. For the first quarter of this calendar year, India was ranked 55th in the Global Housing Price Index. Turkey continues to lead the annual rankings, with a 29.2% increase in housing prices.

New Zealand comes in second with a price increase of 25.9%, while the United States comes in third with an increase of 18.6%.

The Global House Price Index tracks residential price changes in 55 countries and territories around the world. The index is based on nominal prices expressed in local currency.

In total, 18 countries experienced double-digit growth in Q2 2021, with India and Spain being the only countries to see annual home price declines.

At 16.4%, the annual price growth rate of Australia hit its highest since 2003.

Shishir Baijal, Chairman and Managing Director at Knight Frank India cited that the price of residential property in India has remained relatively stable with an overall negative bias, despite the effects of the second wave of Covid-19.

A healthy recovery is expected to take place in the housing market as Covid-19 cases continue to decline and a mass inoculation campaign continues, according to Baijal.

As per the report, the index is rising at its fastest rate since the first quarter of 2005. The pandemic-induced housing boom continued within the year to June, with prices rising 9.2% on average across 55 countries and territories.

Image Source

Also read: Housing unit launches slump 54% in Q1 FY22

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..