Mumbai & Bengaluru among best performing residential markets

13 Feb 2023 CW Team

According to Knight Frank, Mumbai and Bengaluru are two of the top five residential markets in Asia Pacific in terms of yearly price growth, with rates increasing by 7% in each city. The second half of 2022 will see yearly price increase in Mumbai and Bengaluru ranking among the top five best performing Asia-Pacific residential markets, according to real estate consultant Knight Frank's Asia- Pacific Residential Review Index.

Up to 14 out of 23 Asia-Pacific (APAC) cities have seen positive yearly price rise, with Metro Manila leading the pack with a year-over-year (YoY) growth rate of 24%.

Tokyo ranked third with a 9% increase in residential costs, while Singapore came in second with a 9.3% increase in price.

"Mumbai and Bengaluru tied for fourth place on the Asia-Pacific Residential Review Index with a 7% YoY (year over year) price growth in H2 2022. Delhi, with price growth of 6.8% YoY in H2 2022, was among the top 10 best performing APAC markets "added the consultant.

In the following 12 months, prices in the residential markets of Bengaluru, Mumbai, and Delhi are anticipated to climb considerably.

Residential price increases in Bengaluru are predicted to increase by 3% to 5%. Residential price increases in Mumbai and Delhi are anticipated to be in the region of 3–4% and 2–3%, respectively.

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..