Mumbai rental hike is highest

Mumbai, often termed as the financial capital of the country, has become the biggest riser when it comes to industrial property rentals, according to “Industrial Spaces Across the World 2008”, a Cushman & Wakefield report.  Mumbai recorded the highest increase in rental values in a single year, at 94.44 per cent, and leaped 11 positions to become the 26th most expensive industrial location in the world, according to the report. “It also recorded the highest percentage growth in rental values in one year, at 94 per cent over a single year. New Delhi (IMT Manesar) also accounted for the sixth highest percentage growth in rental values in a single year, with a growth of approximately 30 per cent,” as per report from C&W