Mumbai, the commercial capital of the country, with
office rents at $51.50 (Rs 3,241) per sq ft a year ranks 15th globally,
according to the Knight Frank's Skyscraper 2015 Report. The study looks
at the prime office rents of 18 markets across the globe.
The annual rentals work out to average of Rs 270 per sq ft a month.
The Skyscraper Index ranks cities according
to a score system based on a range of criteria including skyscraper
office rents and yields, the spread offered by investment yields
compared to national bonds, the number of high rises built, and growth
prospects for the city.
Among the 18 global property markets, Hong
Kong boasts the world's highest skyscraper office rents at $250.50 per
sq ft a year, the report showed.
While Hong Kong's large lead in annual rents
reflects a low vacancy rate and constrained CBD area, New York is also
closing fast. New York's Skyscraper prime office rents have increased by
20% to hit $150 a sq ft since July 2014, outperforming Hong Kong which
increased by only 11.3%.
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About us
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
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