In a proud moment, three Indian cities have been listed in Knight Frank survey of the top cities of highest yields for prime office space as a shortage of supply allows owners to push up rents. Tech hub Bengaluru has been ranked as the highest yield at 10 percent. While the second place has been secured by Gurugram (Delhi NCR), followed by Mumbai at third. Speaking to Deccan Herald, Viral Desai, a senior Knight Frank India official, said that India’s office market witnessed a stellar run in 2016 as compared to the recent past. Desai added that it can be fairly accepted that India is home to some of the most affordable Central Business Districts in the world. 1) Bengaluru: Karnataka capital Bengaluru has been ranked world’s most affordable technology hub. As accessed by Deccan Herald, the report says that eastern Whitefield area in the eastern Bengaluru is the most affordable technology district, with a rent of $9.65 (Rs 632) per sq feet. In the upcoming slides, check out the list of top 10 affordable cities in the world: -
2) Gurugram: With a rent of $20.40 (Rs 1,335) per sq feet, Gurugram is the only other Indian tech hub featured on the list. Here, the cost to the firm, for employing and accommodating 100 people in the comes to around to $1.3 million (Rs 8.27 crore approximately) annually – 'termed as lowest in the world'. (Image: cybercity.in)
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3) India's financial capital Mumbai is placed at third at 9.2 percent. (Express Photo)
4) Pittsburgh: Pennsylvania city of Pittsburg has been placed 4th. (Reuters) -
5)Bangkok: Thailand capital Bangkok ranks 5th in the list. (Reuters)
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6) Kuala Lumpur: Malaysian capital Kuala Lumpur falls 6th in the list (Reuters)
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7)Beijing: Chinese capital Beijing is 7th. It is significant that it is way behind Indian cities of Bengaluru, Gurugram and Mumbai.
8)Zurich: Swiss city Zurich is 8th in the list. It is known as the hub of banking and finance. (Reuters) -
9)Paris: France capital Paris is placed at 9th spot. (Reuters)
10) Hong Kong: Hong Kong, the tech hub, is placed at 10. (Reuters)
Govt extended ITR AY 2025-26 deadline, but only 4.56 crore returns filed so far
