Real Estate Prices In India: With the booming luxury real estate market across the world, property rates continue to soar in India’s major cities like Mumbai, Delhi and Bengaluru. However, if you are looking to invest in the property market, which of the major cities can give you the most value for money? The answer depends on the location, as India’s metro cities continue to make their mark on the global luxury landscape.
According to the Wealth Report 2025 released by Knight Frank, one can afford more space in Delhi and Bengaluru for USD 1 million compared to Mumbai. In USD 1 million or nearly Rs 8.7 crore, you can buy 3,982 sq ft in Bengaluru, 2,238 sq ft in Delhi and only 1,065 sq ft in the financial capital Mumbai, registering a decline of 3 per cent in space offered from 1,097 sq ft in 2024.
In contrast, the property rates in Delhi and Bengaluru have registered contraction over the past decade, increasing the affordability. According to Knight Frank’s The Wealth Report 2025, the same amount of money can now purchase 11 per cent more space in Delhi, equivalent to 2,238 sq ft, and 9 per cent more space in Bengaluru, totalling 3,982 sq ft.
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Monaco remains the world’s most expensive city, with only 205 sq ft in USD 1 million. Hong Kong and Singapore remain the second and third most expensive cities worldwide with 237 sq ft and 344 sq ft, respectively, in the same amount.
Knight Frank India noted that the relative affordability of cities like Delhi and Bengaluru has improved due to the appreciation of the US Dollar.
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“In contrast, prime property price growth in Delhi and Bengaluru stood at 13 per cent and 14 per cent, respectively, making them more affordable for global buyers,” Shishir Baijal, Chairman and Managing Director of Knight Frank India, said.
80 of the total 100 cities under review saw either positive or stable price growth. Seoul with 18.4 per cent, Manila with 17.9 per cent, and Dubai with 16.9 per cent growth led to global price appreciation in prime real estate.
