India, April 24 -- Mumbai remained India's most expensive luxury residential market in 2025, where Rs.10 crore can buy 1,033 sq ft of luxury homes, down by 3% from 1,066 sq ft last year, even as prices of homes in this segment continued to increase, according to Knight Frank's Wealth Report 2026.

The same amount purchased 2,207 sq ft in Delhi (down from 2,239 sq ft a year ago) and 3,843 sq ft in Bengaluru (down from 3,983 sq ft), recording the sharpest annual decline among the three cities, the report said.

"The rupee depreciated by about 5.4%, amounting to more rupees per $ however prime property price per square foot (sq ft) in all three cities rose faster (Mumbai at about 8.7%, Delhi at 6.9% and Bengaluru at 9.4%) than that the forei...