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Mumbai, Delhi Realty Prices to Leave Tokyo Behind
As per a recent property survey, Delhi and Mumbai have come up as the second and third fastest growing cities in real estate rentals across the world in 2006.
These metropolitans are just next to Me’ouyan Soreq in Israel, which has witnessed an 87.5% increase. Close by the heels are Delhi and Mumbai with appreciations of 50.2% and 33.3% respectively. As far as industrial rentals are concerned, Delhi has moved nine places to 14th position.
Thanks to the fast flourishing manufacturing sector which is growing day by day as the export volumes are rising at a decent pace. This is backed by the huge availability of private capital, strong domestic demand and a large pool of professional and amateur labor.
The world’s most expensive industrial location is retained by the area around London’s Heathrow airport. Staying in step are Isreal’s Me’ouyan Soreq district and Tokyo.
“The main global ranking is compiled by taking the most expensive location in Euro terms in each of these 45 countries monitored,” says a spokesperson of the real estate consultancy.
The report was prepared by Cushman & Wakefield after conducting the survey in 45 countries. The main global ranking is compiled by keeping the most expensive location into consideration, says an official of the real estate consultancy.
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