Chennai: While property prices have reached its peak in many key Indian cities, rental growth too are not lagging behind and according to a recent survey by global real estate consultant Cushman & Wakefield, Colaba Causeway in Mumbai has recorded a rental increase of 75% over last year on the back of strong retailer demand and continuous preference for prime high street properties in the city while Kolkata’s Park Street (5th) at 53.8% and Chennai’s Khader Nawaz Khan Road (10th) at 36.7% were among the global top ten cities to register highest annual rental growth.
In its annual report “Main Streets across the world”, among the most expensive retail locations, Khan Market in New Delhi has emerged as the 26th most expensive in the world, retaining its position as most expensive retail location in India.
http://property.sulekha.com/mumbai-records-highest-retail-rental-growth-globally_news-1937
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