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Discussion :: Places - Latest Current Affairs (Q.No.318)

318. 

Which Indian city become world's 16th most costly prime residential market: Knight Frank Report?

[A]. Bengaluru
[B]. Delhi
[C]. Mumbai
[D]. Pune

Answer: Option C

Explanation:

According to a Knight Frank Report, Mumbai, the capital of Maharashtra and the financial capital of India, has become the 16th most expensive prime residential market in the world and is the only Indian city to feature in the global top 20 list of expensive prime residential markets recorded in The Wealth Report 2019. In terms of the growth in prices of prime residential properties globally, Mumbai ranked 67th with 0.3% rise in prices in 2018. Delhi (55th) and Bengaluru (56th) did better than Mumbai with a 1.4% and 1.1% price appreciation, respectively. The Philippines' capital Manila topped the global list with the highest price appreciation of 11.1% last year, followed by Edinburgh (Scotland) in second position with 10.6% rise.

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