Mumbai world's sixth most expensive office market

Fall in demand

New Delhi: India's financial hub, Mumbai, has dropped to the sixth position in real estate consultant CB Richard Ellis' list of most expensive global office markets, as demand contraction triggered a fall in rentals.

CBRE's last global report in November 2008 had placed Mumbai fifth in the pecking order. Delhi, however, bettered its previous ranking ending-up a slot higher this time at 12 place.

Text: Business Line

Image: Getty

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