Mumbai has become the fourth costliest city in Asia Pacific for renting an office in the last quarter of 2010, The Economic Times reported quoting Jones Lang LaSalle. The report stated that the top three costliest cities are Hong Kong, Tokyo and Singapore, where average annual rents at the most expensive locations stood at USD 1,511, USD 752 and USD 747 per sq mt during the quarter.
Whereas, the average annual rentals of Mumbai during the quarter have been estimated at USD 705 per sq mt, the same has been found to be USD 503 per sq mt for Delhi, the report added. Bangalore was ranked 24th and Chennai at 26th with average annual rentals of USD 136 per sq mt and USD 124 per sq mt respectively. Source: The Economic TimesDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
