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investmentweek.co.uk / 1 year ago
livemint.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Luxury property price boom: See how much $1 million buys in global cities
prime residential space in 2024, followed by 237 sq ft in Hong Kong and 344 sq ft in Singapore, according to a Knight Frank report.
In comparison, Mumbai offers 1,066 sq ft, marking a 2.6% decline over the past decade as prices have risen. Bengaluru has also become less affordable, with space purchasable for $1 million decreasing by 9% to 3,617 sq ft. In Delhi, one can buy 2,239 sq ft, up 11% from a decade ago.
The Prime International Residential Index (PIRI 100), which tracks luxury property price changes across 100 global cities, has recorded a 3.6% annual increase in 2024. Of these, 80 cities saw either positive or stable price growth. Seoul 18.4%, Manila 17.9%, and Dubai with 16.9% growth led global price appreciation in prime real estate.
Among Indian cities, Delhi ranked 18th globally with a 6.7% annual price rise, climbing from 37th place in 2023. Mumbai, traditionally India’s costliest real estate market, ranked 21st, dropping from 8th last year. Bengaluru improved from 59th in 2023 to 40th in 2024.
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How much prime property can US$ 1 million buy (in sq ft)
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Subscribe to enjoy similar stories.Homegrown advertising group RK Swamy Ltd is betting on its integrated marketing model to drive growth over the next few years, combining media, creative and other advertising services even as the ‘Big Four’ agency networks increasingly separate those businesses.“We never did disaggregated media and creative [although] that was an option 20 years ago,” Shekhar Swamy, MD and group CEO of RK Swamy Ltd told Mint in an interview.“How can you disaggregate the two? The media function holds a lot of data, and then when media and creative walk separately, it creates a lot of tension. This is not a sensible model for a client.”RK Swamy’s clients include Magicbricks, Polycab, and several government institutions and PSUs such as LIC.The company reported a 15% jump in annual revenue for FY26 to ₹351.73 crore, while profit before tax and exceptional items rose 30% year-on-year to ₹32.2 crore.
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21.05 / 09:47
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