Mumbai records maximum growth in retail rent globally

Nov 19 2012, 17:46 IST
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SummaryMumbai has witnessed the highest growth in retail rentals globally with city's Colaba Causeway recording 75 per cent jump in rents over the last year.

as the 26th most expensive in the world, retaining its position as most expensive retail location in India. India however, dropped in the global ranking from 21st to 26th position due to the weakening of the Indian Rupee against US Dollar," C&W said.

Khan Market recorded the highest rental values for the year in India at about Rs 1,225 per sq ft a month, a marginal increase of two per cent over the previous year. "This main-street (Khan Market) has always been India's most prime retail location, due to the advantage of being situated in the midst of the premium most residential boulevard of the capital city," the consultant observed.

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