According to a report by Hong Kong-based human resources consultancy ECA International, Mumbai recorded second highest annual growth of 21% in residential rental after 33% for Singapore in 2007.
Following the surge witnessed last year, Mumbai has now become Asia’s third and the world’s sixth most expensive location to rent a three-bedroom apartment. This makes it costlier than places like Seoul, Singapore, Paris, Shanghai, Dubai, Beijing, St Petersburg and Amsterdam.
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