According to a recent report by global real estate consultant CB Richard Ellis, Mumbai - India’s business capital, is ranked as the 4th most expensive market in terms of office space rentals in the world. New Delhi is placed at the 11th spot in the list, which is topped by London.
The rankings are based on occupancy costs for prime office space in 175 cities worldwide. Occupancy costs represent rent, local taxes and service charges.
As per the survey, Mumbai has an occupancy cost per square feet per annum of $130.41 while that of New Delhi is $101.21. The report noted that global rents have started to stabilise and so far, have seen a fall of 1.3 per cent from a year ago.

Which of the suburbs in Mumbai are drawing the maximum rent? Do you think that the rates are inflated?
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  • The most lucrative and profitable investment in India is investment in property. Real estate has been the most fruitful investment especially in metros of India.

    In Mumbai, office rents are elevating by the strong demand from IT businesses and, to an extent, the financial sector. Corporate activity in Mumbai has picked up since four to five months, taking new space and expanding.

    Suburbs like Nariman Point, Worli, Lower Parel, Bandra-Kurla Complex and Andheri are the ones that are drawing the maximum rent in Mumbai