Commercial real estate prices record high in Mumbai
The British High Commission in Mumbai is contemplating a Rs.147 crore purchase of 42,000 sq.ft of office space in the Bandra-Kurla complex according to news reports. The actual carpet area is around 28,000 sq.ft .
The High Commission is looking to purchase the top three floors of Naman Centre, near the National Stock Exchange.
At a price of Rs.35,000 per sq.ft of super built area, this would make the deal one of the most expensive for commercial real estate in Mumbai.
Commercial property prices in Mumbai have soared over 100% in the past year driven by limited new supply particularly in prime areas such as Worli and South Mumbai. In Nariman Point, commercial property prices are around Rs.25,000 per sq.ft.
Source: 99acres.com
posted by Unknown at 4/08/2007 02:15:00 PM
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