New Delhi among most influential cities: Study

But,South Mumbai and South New Delhi are the markets which are most high in terms of prices followed by Bangalore,Chennai and Hyderabad. We anticipate that the prices especially in cities such as Mumbai and Delhi will return to the peak levels of 2008 in this year 2010.”

The Wealth Report 2010 focuses on three major surveys conducted on the Prime International Residential Index (PIRI),World’s most Influential Cities survey and a unique survey on the HNWI Attitudes to Property and Wealth.

Knight Frank’s Prime International Residential Index (PIRI) finding indicates that the price growth in Mumbai has increased +11%. However,the proportion of mortgage debt to GDP is still around 6 – 8 % in India.

The report also bring out that the Asia Pacific Region is one of the most popular market for investment with economies like China,India have gained momentum for prime property markets. The findings forecast that the prime property price in India will change by 12 to 15%.

Knight Frank’s World most influential cities survey was conducted on four parameters namely economic activity,political power,knowledge and influence and quality of life. “There are many ranking surveys,but our World Cities Survey,now in its second year,attempts to create the most rounded picture of the world’s leading 40 cities by looking at all the facets that make places attractive to the worlds wealthy.

The results confirm that New York took the number one spot from last year’s leader – London. One of the key themes this year is the strengthening power of the emerging centres,with big gains experienced by the likes of Beijing,Singapore,Kula Lumpur and Mumbai. Indian prime cities which are New Delhi and Mumbai both make it to top 40 influential cities of the world.” said Liam Bailey,Head of Residential Research,Knight Frank

The last survey was the “Attitudes Survey” which brings out the thinking of wealthy investors and where they think performance is likely to be strong in 2010. The survey findings make an extremely interesting analysis that property accounts on average for 30% of the investment portfolios of those surveyed. However,35% of the respondents feel that Equities would be the best performing asset class in 2010 where as just over 20% said property would show most growth. Besides,Capital growth and investment stability were considered more important when investing in property than yields.