Mumbai records Asia’s 2nd highest residential rental growth
It seems a valuable proposition to let it out in Mumbai — a day after industrial property rent growth there being named the worlds highest, the rise in residential rental in the countrys financial capital today came out to be the second highest in Asia.
According to a report by Hong Kong-based human resources consultancy major ECA International released on Wednesday, Mumbai recorded second highest annual growth of 21 per cent in residential rental after 33 per cent for Singapore in 2007.
Following the surge witnessed last year, Mumbai has now become Asias third and the worlds sixth most expensive location to rent a three-bedroom apartment. This makes it costlier than places like Seoul, Singapore, Paris, Shanghai, Dubai, Beijing, St Petersburg and Amsterdam, ECA found.
More : hindu.com