In the last six months, one million square feet was used as office space alone in Mumbai. However, this may change soon. A recent report by real estate consultant CB Richard Ellis had ranked Mumbai as the fourth most expensive office market in the world. No wonder then that companies looking to expand in the financial hub of India would rather not do so at the moment.
The office rentals market in Mumbai saw high-ticket deals in the past six months.
http://www.ibnlive.com/news/rentals-soar-as-corporates-seek-prime-office-space/66113-15.html
Residential prices in tier-I cities have gone up by 15-20 per cent.
http://www.ibnlive.com/news/office-rentals-to-grow-by-3040-over-78-months/48645-7.html
Leasing office space in metros might soon get easier.
http://www.ibnlive.com/news/soaring-office-rentals-in-mumbai-delhi-to-stabilize/48250-15.html
Foreign developers are now investing in Mumbai real estate. Prices, shooting up.
http://www.ibnlive.com/news/rentals-rs-450-a-square-foot-mumbai-sets-record/47414-15.html
Buy property at upcoming Tier II cities that have enhancing IT/ITES component.
http://www.ibnlive.com/news/metros-with-it-hub-a-good-real-estate-buy/43870-15.html
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