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Cool economy brings down Mumbais ranking

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With cool economic and realty atmosphere the economic capital of India – Mumbai is getting lower in ranking for the costliest office markets category on a recent survey on behalf of www.propertykhazana.com. The survey included around 170 cities where Mumbai has been placed at sixth position globally pushing it out of the top five lists as recorded earlier.
For the capital city the ranking has slipped to twelve positions against its eighth position of last year recorded. The survey also depicts the slow rate of supply of office space to the consumers as added on www.propertykhazana.com by the survey. It further states that Mumbai itself has fell up to 31 percent low from 189 dollar per square feet to that of 131 dollar of current ratings. Same is the case of the national capital that has been pushed out from the top 10 list curving the rentals rates to 86.9 dollar as compared to that of 126.7 dollar for the last financial year.
On a last survey of CBRE, Mumbai was placed at fifth position where as New Delhi was at 13th place which takes place after every six months. Capital of Japan – Tokyo tops the list with highest rental in the office space leaving behind West end of Landon. For more and latest realty news visit www.propertykhazana.com.
Source: NBTVLIVE

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