Mumbai prime office rentals down 4%

With average prime district office rentals falling by 4% in the first quarter of 2015, Mumbai has performed better than just two cities in a global Jones Lang LaSalle survey, which was released on June 25.

Only Sao Paulo and Moscow, with 5% and 24% depreciation, respectively, fared worse in the comparison between central business districts of leading cities across the world.

Mumbai figures among those global financial centres that saw a fall in prices. Moscow and Sao Paulo, which are also financial centres of these emerging economies, are in the red. Among the mature economies, only Brussels and Paris figure in the red and Frankfurt sits on the borderline. Most other cities such as Sydney, New York, Tokyo and London remain in the black.

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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.

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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