India, March 5 -- With soaring real estate prices in Mumbai, $1 million could buy approximately 1,065 sq ft of residential property in 2024, reflecting a 3% decline from 1,097 sq ft in the previous year. In contrast, prime property prices in Delhi and Bengaluru have become more affordable over the past decade, with the same amount purchasing 11% more-2,238 sq ft in Delhi and 9% more-3,982 sq ft in Bengaluru, according to Knight Frank's The Wealth Report 2025.

Monaco continues its reign as the world's most expensive city where $1 million can buy 1204 sq ft of space, followed by Hong Kong (235 sq ft) and Singapore (344 sq ft) in 2024, the report Prime International Residential Index (PIRI 100) added.

Knight Frank India said that with the ...