Knight Frank India Report: The speed at which the country's property market is growing is surprising for property buyers and sellers. There are many states and cities where property prices are sky high. In such an environment, global property consultancy Knight Frank India has released the latest India Prime City Index report on property prices in Indian cities and many property and city parameters. In this, ranking of six developed cities of the country has been made based on different development parameters.

This city ranks first as the fastest growing city

Based on these development parameters, Telangana's capital Hyderabad has secured the first position as the fastest growing city. Some of the main reasons behind this are the rapidly growing infrastructure development, increasing demand for real estate, ultra high net worth individuals and high net worth individuals, which are not only increasing the property market in Hyderabad, but are also taking its socio-economic profile and status to new heights.

Bangalore is in second place

Another South Indian city, Bengaluru, is among the top 6 cities in the Naik Frank India report and is ranked second in the overall ranking. This city is fuelling entrepreneurship due to its exceptional talent pool and dynamic business ecosystem. One special thing is that Hyderabad is ranked first on the basis of the overall ranking of these cities. Bengaluru is in second place and Mumbai-MMR has retained the title of India's economic capital by meeting all the metrics. On the other hand, Delhi-NCR is ranked first in this region on the basis of its physical infrastructure and strong governance.

See which 6 cities are on top in the overall ranking

1. Hyderabad
2. Bengaluru
3. Mumbai-MMR
4. Delhi-NCR
5. Ahmedabad
6. Chennai

Know on which parameters which city wins

Bengaluru ranked by socio-economic status

On the basis of socio-economic parameters, India's Silicon Valley City also meets the socio-economic standards. The percentage of working population in this city is 76 percent which is the highest in the country and the unemployment rate here is only 1.8 percent which is the highest among the six major states of India.

Hyderabad Sirmaur on real estate scale

On the real estate front, Hyderabad has climbed the fastest to number one position. In the last decade, Hyderabad has shown a 10 percent CAGR in terms of residential launches. In the year 2023, Hyderabad has achieved an 11 percent growth in terms of residential prices, which has increased both in terms of investors and customers.

Physical Infrastructure and Governance

In terms of physical infrastructure and governance, the country's capital Delhi and the National Capital Region (NCR) rank first. The Delhi Metro carries 68 lakh (6.8 million) commuters daily over a total distance of 350 kilometres. Excellent work has been done to promote urban infrastructure in the city and now it is going to write a new chapter of development through projects like the Eastern Peripheral Expressway.

On the governance front, the Delhi government is running several initiatives in which efforts are being made to provide direct benefits and services to the public through the Delhi Government Service Portal.

Delhi, Ahmedabad and Hyderabad are ahead on many fronts

In the latest report of Knight Frank, Delhi, Ahmedabad and Hyderabad are making their mark on many fronts such as being among the leading states in the country on the front of Information Security and Privacy.