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Mumbai looses to global cities

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Survey conducted by realty consultant CB Richard Ellis says that, Mumbai is the 2nd costliest commercial property market across the world, which was at the top of realty, but, now it stands at number five. The city is in 5th place among the world’s most expensive office markets and the plummeting realty rates also pulled down the New Delhi from the 8th place internationally in November to the 12th slot in the latest ranking release.
Chief Managing Director of CB Richard Ellis said to www.propertykhazana.com that, “The most recent ranking focused the reduce in rentals owing to decrease in demand, but Mumbai sustaining in the peak of 10 list and Delhi at 12th position worldwide caused the lack of office supply in India.”
As per to the sources claiming at the www.propertykhazana.com, commercial rentals in Mumbai dropped to 35% as November from USD 195 per Sq.ft to USD 135 per Sq.ft at present and the same office rentals in New Delhi also dropped to 38% from USD 130 to USD 90 per Sq.ft per year. Mumbai stood at 5th place in CBRE’s final survey conducted in November, as Delhi was placed at 13th. CBRE will carry the survey every 6 months, Tokyo ranked top with a rental of USD 190 per Sq.ft and it went beyond London’s West End that led the set in November with USD 350 per Sq.ft rental. London’s West End is in 2nd place with rentals nearly half of their top. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

Property Listings

Apartments, Flats and Property for Sale in Mumbai

Sep 21, 2016
2 BHK APARTMENT FOR SALE AT KHARGHAR – Navi Mumbai. # Location : Kharghar , Navi Mumbai. # Sector : 20 # Area : 1055 sq ft # Cost :..
Sep 14, 2016
For Sale – Spacious 1 BHK Flats in Prime Location of Borivali East Project : Triveni, a project by Atul Corporates. Structure comprises of..
Sep 08, 2016
3 BHK FLAT FOR SALE AT KHARGHAR – Navi Mumbai. # Location : Kharghar, Navi Mumbai. # Area : 1375 sq ft # Cost : 1,25,00,000 # Parking..
Aug 28, 2016
3 BHK FLAT FOR SALE AT KHARGHAR – Navi Mumbai. # Location : Kharghar, Navi Mumbai. # Area : 1375 sq ft # Cost : 1,25,00,000 #..
Aug 27, 2016
For Sale – Luxurious 3 & 4 BHK Flats in Prominent Location of Matunga East Mody Kunj in Matunga East, near Kings Circle is a..
Aug 17, 2016
# Location : Kharghar , Navi Mumbai. # Area : 1000 sq ft # Cost : 8500000 # Parking : 1 Covered # Bed : 2 Bedroom # Balcony : 2 balcony #..
Jul 25, 2016
Primo is one of the residential developments of Ceear Realty, located in Mumbai. The project is designed by Architect Hafeez Contractor. It offers..
Apr 06, 2016
This 1 bhk flat is a specious flat with all modern amenities like gym, Swimming pool, Children play area etc.This flat has a west facing and a..
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Apartments, Flats and Property for Rent in Mumbai

Sep 02, 2016
2 BHK SPACIOUS FLAT FOR RENT AT KHARGHAR – NAVI MUMBAI. # Location : Kharghar. # Sector : 18, (near to central park, golf course and ..
Aug 12, 2016
# Location : Kharghar , sector - 3 # Sector : 3 # Area : 635 sq ft # Rent : 10000 # Deposit : 40,000 # Parking : open # Balcony : balcony #..
Aug 11, 2016
# Location : Kharghar , sector - 3 # Sector : 3 # Area : 835 sq ft # Rent : 13000 # Deposit : 50,000 # Parking : open # Balcony : balcony #..
Jun 23, 2016
1 BHK flat for rent at kharghar Location : sector - 12 Area - 559.00 Rent - 15000 Station, mall, colleges at reachable..
Jun 21, 2016
Amazing flat at kharghar for sale..
Jun 04, 2016
A spacious and unfurnished 1 bhk apartment for rental in mayuresh residency situated opp. Asian paints, Lbs marg, Bhandup west. This flat is..
Dec 09, 2015
Fully Furnished Condo in Royal Palms, Goregaon East. Area : 344 sq.ft., Rent : Rs.11000/-, Deposit : Rs.30000/-, Flat is on 3rd floor out of 7..
Oct 15, 2015
Unfurnished Property Description Elegantly unfurnished 1 bhk apartment in luxurious and excellent apartment makes a definitive statement in..
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