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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

Jun 09, 2017
Sell residential flat :- 2 Bhk sell in new Panvel Area/965 Sqft Built up G+7 Bldg , 4floor, fully furnished room Parking, open space available..
Jun 03, 2017
3.5 big 1st floor 2 parking servant room with attached bathroom Poona..
Jun 02, 2017
Location :- Mauli Desire II opp. Utkarsha vidya mandir daftary road malad east * Bedroom :- 1BHK Apartments * Carpet area : - ,354 sq ft. *..
Jun 02, 2017
Location :- Hawahira Mahal, Mangal Baug, Near Western Express Highway, Pushpa Park, Malad East. * Bedroom :- 1BHK & 2BHK Flats * Carpet..
Jun 02, 2017
Property Detail of MAULI OMKAR - II............................." Location :- Triveni Nagar, Near Mauli Sapphire Bldg, Mallika Hotel,..
Jun 02, 2017
Location :- Ambewadi, Pushpa Park, Beside Western Express Highway, Malad East. * Bedroom :- 1BHK & 2BHK Apartments * Carpet area : - 359..
May 27, 2017
Project Details About the Project Live a plush city life in our sustainable, integrated township at the heart of Mumbai. Spread across 5 acres,..
May 15, 2017
2 x 1 BHK Jodi flats with hall wall sharing - call for more..
May 07, 2017
JK PROPERTY SAI SIDDHANT PALACE 1 BHK/ 2 BHK- ARE AVAILABLE READY POSESSION FLATS {15 MIN} WALKABLE DISTANCE FROM STATION . PER SQ.FT..
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Apartments, Flats and Property for Rent in Mumbai

May 09, 2017
1BHK OF 225 in 24 floors tower, 3 lifts, open parking, 24/7 CCTV and security, only 5 min walking distance from cotton green station and 8 min..
Apr 17, 2017
Very good 2.5 bhk on rent on main Band Stand. full sea..
Mar 27, 2017
FULLY FURNISHED 5BHK FLAT AVAILABLE FOR RENT DIRECTLY FROM..
Jan 04, 2017
2 BHK FURNISHED APARTMENT AVAILABLE AT MALAD EAST, GOREGAON FILMCITY ROAD,MUMBAI. Rent 35,000 / - Security Deposit Rs.1,25.000/-. Interested..
Dec 03, 2016
PG accommd for 4 girls sharing at vakola pipeline santacruz east Mumbai India Rent 7000 call landlady 9768546430..
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 #..
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