Average rentals in Mumbai CBD fall by 4% in 2014-15

bkcBy Accommodation Times News Services

Ashutosh Limaye, National Director – Research, JLL India


Mumbai has got another wake-up call to relook at its exorbitant real estate prices. With average prime district office rentals falling by 4% in 1Q15, Mumbai has performed better than only two cities in a global Jones Lang LaSalle survey. Only Sao Paulo and Moscow, with 5% and 24% depreciation respectively, fared worse in the comparison between central business districts (CBDs) of leading cities across the world.


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