Mumbai prime home prices rise 6.2%, enter global top 10

MUMBAI: Mumbai's prime residential market has entered the world's top 10, with prices of high-end homes rising 6.2% year-on-year in Q2 2026, more than double the 2.6% global average, according to Knight Frank's latest Prime Global Cities Index.Mumbai ranked eighth among 46 cities, with prime prices also increasing 1.7% over the previous quarter. The performance puts the city ahead of established global luxury markets such as Vienna, San Francisco and Perth.For Mumbai's high-value housing market, the latest data points to continued price resilience despite a more moderate pace of growth globally.But the number comes with an important caveat for homebuyers: the index covers the prime residential segment and should not be read as a rise in prices across Mumbai's entire housing market.Bengaluru recorded a 4.5% annual rise and ranked 12th globally, while New Delhi rose 3.9% to rank 17th.