Mumbai: The global real estate consultant Knight Frank said in a report that Central Mumbai has emerged as the country’s most attractive investment destination for office properties with 19% net annual return as prices are expected to rise 63% and rentals by 47% over five years.
“At 19% per annum return, Mumbai’s central district, which comprises Parel, Lower Parel, Dadar, Prabhadevi, will yield the best return on investment in the country,” Knight Frank India chief economist Samantak Das expressed.
Whilst the highlighted the National Capital region, returns on investment in commercial properties expected to fetch one of the lowest return of 10%. Peripheral Business Districts in Noida and Gurgaon will yield 11% return per annum.
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