New Delhi - Realty Trends

In a report by global realty consultant CB Richard Ellis, it has been found that New Delhi has become the world's second-fastest growing city in terms of office occupation costs in the year ending March 2007. The report also noted that Abu Dhabi in the United Arab Emirates, scored the first position in the global rankings of fastest growing office occupation costs in the 12 months to the first quarter 2007.

Rents in Abu Dhabi grew at 103 per cent, while the growth in rental values in New Delhi was 79.1 per cent, it said. The rentals in Mumbai grew at 45 per cent and was placed sixth in the ranking. New Delhi also entered the top 10 list of the most expensive office markets this year.

( From today's ET )

This report by CBRE is on rental market indicators across cities in India.

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