April 23, 2026: – Knight Frank, the leading independent global property consultancy today launched its landmark 20th edition of The Wealth Report. According to Knight Frank’s Prime International Residential Index (PIRI) Tracker: How much prime property does USD 1mn buy? Monaco retains its position as the world’s most expensive prime residential city in 2025, where with USD 1 mn can buy just 16 square meters (sq m) of prime residential space, followed by Hong Kong (23 sq m) and Geneva (28 sq m). In comparison to that, in Mumbai USD 1 would be sufficient to purchase 96 sq m of prime residential real estate in 2025, dearer by 3% YoY from 99 sq m in 2024. In Delhi, one can purchase 205 sq m, also registering an increase in prices of 1.4% YoY from 208 sq m in 2024. Prime residential purchase in Bengaluru has risen the highest in this context by approximately 3.5% YoY from 370 sq m in 2024 to 357 sq m in 2025.
