Business

New Delhi Ranks 6th in Luxury Home Price Appreciation: Report

Published

1 year ago

February 11, 2025

New Delhi, the capital city of India, has positioned itself as a strong player in the global luxury real estate sector. The latest Prime Global Cities Index for Q4 2024 from real estate consultancy Knight Frank reveals that New Delhi ranks 6th among 44 cities worldwide for the most significant appreciation in luxury home prices.In the December 2024 quarter, luxury home prices in New Delhi rose by 6.7%, indicating an increasing demand for upscale properties in the capital, as highlighted by the report.

Shishir Baijal, Chairman and Managing Director of Knight Frank India, stated, “The impressive rise in luxury home prices in New Delhi is reflective of the larger trend across India, where the demand for high-end residential properties is on the rise.”

He further noted, “This demand is fueled by a growing desire for lifestyle enhancements, supported by India’s stable economic environment and positive market sentiment. We anticipate that this trend will continue to escalate in the future.”

The report attributes the growing interest in luxury homes within New Delhi to several factors, including rising affluence, an increasing population of high-net-worth individuals, and the city’s status as a significant business and political center. The Indian luxury market is also gaining traction due to economic stability and favorable conditions, prompting affluent buyers to seek larger, more luxurious homes.

Alongside New Delhi, other Indian cities such as Mumbai (7th place with a 6.1% increase) and Bengaluru (13th with a 4.1% increase) have also witnessed significant price growth in their luxury markets, reinforcing India’s burgeoning status in the global real estate landscape.

Despite ongoing challenges like inflation and complex economic policies, the global luxury home market remains robust. Seoul leads the rankings with an impressive 18.4% increase, followed by Manila (17.9%), Dubai (16.9%), Tokyo (12.7%), and Nairobi (8.3%). New Delhi’s rise underscores its critical role in the international luxury market.

Business

Tomato Prices Crash from Rs.1200 to Rs.80, Farmers in Distress

Published

3 weeks ago

March 25, 2026

Namma Kudla

Business: Tomato prices in Vijayanagara district have dropped sharply, causing heavy losses to farmers and traders. A box of tomatoes that was earlier sold for Rs.1000 to Rs.1200 is now being sold for just Rs.80 to Rs.100.

Due to the sudden fall in prices, farmers are struggling to recover their investment. Many had taken loans to grow the crop and are now facing financial difficulties.

In local markets, traders are selling tomatoes at very low rates. Around 2 to 4 kilograms of tomatoes are being sold for just Rs.20.

The price crash has been linked to multiple reasons. Export of tomatoes to other countries has reduced due to the Iran–Israel conflict. In addition, many hotels are not operating properly due to a shortage of cooking gas cylinders. This has reduced demand for tomatoes.

As a result, both farmers and sellers are facing serious losses, and the situation has become very difficult for them.

Business

Gold Prices Rise in Mangaluru; 24K Gold at Rs.13,564 per Gram

Published

3 weeks ago

March 24, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been updated today, reflecting the latest market trends.

The price of 24 karat gold (99.9% purity) stands at Rs.13,564 per gram. Meanwhile, 22 karat gold (91.6% purity) is priced at Rs.12,434 per gram. The rate for 18 karat gold (75% purity) is Rs.10,173 per gram.

Mangaluru, known for its rich coastal culture and love for seafood, also has a deep connection with gold. The demand for gold ornaments in the city remains strong, especially during weddings and festivals.

The gold trade in Mangaluru has a long history and continues to play an important role in the local economy. Many families prefer investing in gold due to its cultural and financial value.

Buyers are advised to check the latest rates before making any purchase, as gold prices may change daily based on market conditions.

For those planning to buy gold, using a Gold Rate Calculator can help in getting accurate pricing based on weight and purity.

Business

Good News for Milk Producers in Chikkaballapur – 50 Paise Increase per Litre

Published

1 month ago

March 8, 2026

Namma Kudla

Chikkaballapur: The Chikkaballapur Milk Union (Chimul) has announced good news for milk producers in Chikkaballapur district. The union has decided to increase the milk procurement price by 50 paise per litre, which will benefit dairy farmers in the district.

Earlier, on January 1, Chimul had increased the price by Rs.1 per litre as a New Year benefit to farmers. Now, the union has announced an additional 50 paise increase.

With this latest revision, dairy farmers will receive Rs.36.40 per litre for milk. The 50 paise increase will remain in effect until the end of May.

Chimul President Manjunath Reddy told Public TV that the union will review its profits and may continue the price increase in the future based on financial performance.

The decision is expected to provide some relief and encouragement to dairy farmers in Chikkaballapur district.