Bengaluru fourth most expensive real estate market in India: Knight Frank

Bengaluru's affordable housing market has become more costly due to the 50 bps hike in the repo rate by the RBI

The constant demand to move to India's Silicon Valley has made Bengaluru the fourth most expensive real estate market, with a 2 per cent annual rise in its position at 28 per cent, a Knight Frank consultancy firm report showed.

On the city-wise data, the report said Mumbai remains the most expensive residential market in the country. Mumbai is the only city whose affordability index is improving at the rate of 4 per cent — from 53 per cent in 2021 to 57 per cent in the third quarter of this year. 

Mumbai and Hyderabad were known to have one