Current Affairs PDF

Hyderabad ranked 14th globally in Knight Frank’s Global Residential Cities Index Q3, 2019, Budapest in Hungary tops

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

In the Knight Frank’s Global Residential Cities Index Q3 (Quarter) 2019, Hyderabad has ranked 14th among 150 cities in the World with an appreciation of 9% in residential prices on a YoY (Year-over-Year)  basis.Key Points:

i.In this index ,Budapest in Hungary is at the first place with the  highest annual growth rate of 24%, followed by Xi’an and Wuhan in China at 15.9% and 14.9%.

ii.According to the report, Indian cities that have seen an appreciation in home prices are New Delhi at the 73rd rank globally with a 3.2% rise, Bengaluru at the 94th rank with a 2% appreciation and Ahmedabad at the 108th rank with a 1.1% growth.

iii.Indian cities which have seen de-growth in home prices are Kolkata  at the 130th rank with a decline of 2%, Mumbai at the 135th rank with a de-growth of 3% and Chennai at the 136th rank with a fall of 3%.

iv.Pune was the lowest-ranked Indian city standing at the 138th spot, registering a 3.5% decline in home prices.

v.The Global Residential Cities Index tracks mainstream residential prices on a city-by-city basis which are updated quarterly. The index tracks the performance of house prices across 150 cities worldwide

About Knight Frank:
Founded- 1896
Headquarters- London, United Kingdom (UK); Chairman– Alistair Elliott

Top 3 cities in the index:


    Rank    Name
     1Budapest in Hungary
     2 Xi’an in China
     3Wuhan in China
    14Hyderabad, Telangana
    73 New Delhi
   94Bengaluru, Karnataka
  108 Ahmedabad, Gujarat
  130Kolkata, West Bengal
  135Mumbai, Maharashtra
  136Chennai, Tamil Nadu
  138Pune, Maharashtra