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Nariman Point is the fifth most expensive office location in the world. Rentals here have zoomed 60% to Rs 546 per sqft per month during the year, according to the latest survey released by global consultancy firm Cushman & Wakefield. The steep rise saw Nariman Point go up from the seventh slot in the previous rankings.
Delhi broke into the top 10 with rentals in the Connaught Place area, the central business district (CBD), estimated at Rs 423 per square foot a month. Despite talk of moderation in the real estate arena, rentals in the area have increased 46% during the year.