Delhi and Mumbai have dropped two notches in the list of the most expensive cities in the world, thanks to softening realty prices and ongoing economic slowdown.
According to realty consultant Cushman & Wakefield (C&W), Connaught Place in New Delhi and Nariman Point in Mumbai has been ranked at 12th and 6th places respectively in the list of most expensive office locations, in which Hong Kong topped.
The report by C&W compares office occupancy costs in 202 key locations in 57 countries around the world. Of these, 58 per cent showed rental growth, 26 per cent saw stable rents and 16 per cent showed a rental fall in 2008.
According to realty consultant Cushman & Wakefield (C&W), Connaught Place in New Delhi and Nariman Point in Mumbai has been ranked at 12th and 6th places respectively in the list of most expensive office locations, in which Hong Kong topped.
The report by C&W compares office occupancy costs in 202 key locations in 57 countries around the world. Of these, 58 per cent showed rental growth, 26 per cent saw stable rents and 16 per cent showed a rental fall in 2008.
Source: PTI
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