Correct Answer : 22nd
Mumbai stood at 22nd rank in a global index that measures annual price appreciation of premium residential properties, according to Knight Frank.
* In its report on 'Prime Global Cities Index Q3 (July-September) 2022', Property consultant Knight Frank said that all three Indian cities -- Mumbai, Bengaluru and New Delhi -- registered an increase in average annual prices in the third quarter of 2022.
* The prime global cities index is a valuation-based index tracking the movement in prime residential prices in local currency across 45-plus cities worldwide.
* Mumbai moved up to 22nd rank in the third quarter of 2022 from 39th rank in the year-ago period.
* Bengaluru's rank also moved up to 27th as against 41st, while New Delhi's position improved to 36th rank from 38th rank.
* The rise in average prices in Mumbai was recorded at 4.8 per cent Year-on-Year (YoY), Bengaluru (3.3 per cent YoY) and New Delhi (1.2 per cent YoY) during the 12- month change (Q3 2021-Q3 2022)..
Source : Zeebiz