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Mumbai ranks 15th globally in terms of total operational data centre capacity while Hyderabad is at 27th position, according to Knight Frank. Real estate consultant Knight Frank on Thursday released a report 'Knight Frank Global Data Centre Atlas 2026' that compares 36 leading global data centre markets across North America, Europe, Asia-Pacific, the Middle East and Africa. Mumbai ranked 15th globally by operational data centre capacity and 11th globally by development pipeline. "With 774 MW of live IT capacity and nearly 5 GW of pipeline capacity, Mumbai has firmly established itself as India's gateway data centre market and one of Asia-Pacific's leading digital infrastructure hubs," the consultant said. Hyderabad ranked 27th globally in live operational capacity (151 MW) while climbing to 19th globally by future development pipeline (over 2.2 GW). The report has evaluated markets using two key indicators -- a) Live IT Capacity the amount of operational IT power (measured in ..
Sales of affordable homes, costing less than Rs 50 lakh each, fell 23 per cent on-year in January-March to 16,273 units across the top eight cities, mainly due to lower fresh supply in this price bracket, according to Knight Frank. Post-COVID pandemic, the demand for luxury homes has surged. Builders are attributing the lower launches in the affordable housing segment to the high cost of inputs, especially land. In its latest report, real estate consultant Knight Frank India pointed out that affordable housing segment saw the steepest decline of 23 per cent during the January-March period of this year, with all eight cities reporting a fall in sales. As per the data, even the Rs 50 lakhs-1 crore category witnessed a decline of 12 per cent year-on-year during the first quarter of the 2026 calendar year to 23,567 units across eight major cities. These cities are Mumbai, Delhi-NCR, Pune, Bengaluru, Hyderabad, Chennai, Ahmedabad and Kolkata. However, the housing sales in the Rs 1-2 cr
India is projected to have 25,217 ultra-high net worth individuals and 313 billionaires by 2031, spurred by wealth creation across technology, industrials and capital markets, according to Knight Frank. Ultra-high Net Worth Individuals (UHNWIs) are defined as those having a net worth of USD 30 million and above. At present, there are 19,877 UHNWIs and 207 billionaires in India. On Thursday, real estate consultant Knight Frank released its 20th edition of The Wealth Report 2026, stating that there has been "dramatic acceleration" in global wealth creation despite substantial geopolitical uncertainty, concerns over rising interest rates and uneven economic performance. "India's UHNWI population is forecast to rise from 19,877 today to 25,217 by 2031, underscoring its growing role in the global wealth landscape. This reflects extraordinary wealth creation across technology, industrials and capital markets," the consultant said. Mumbai accounts for 35.4 per cent of the UHNWI populatio