Delhi and Mumbai

By Vipin Agnihotri

Even as the Indian economy is seeing an upward spiral, it has come into the notice of The India Street that rents for commercial office space in Grade A Indian cities continues to rise. The IT/ITEs sector is still fuelling growth in the present quarter so upward pressure is still apparent.

Mumbai: Driven by high trading volumes for equities and good presence of global banking and financial services firms, Mumbai has grabbed a place in the world's top ten financial flow hubs list, beating Hong Kong and Beijing in China.

The city has been ranked tenth among the world's biggest centres of commerce in terms of the financial flow volumes by a survey compiled by Mastercard Worldwide, which takes into consideration size of financial services network besides equity, bond, derivatives and commodity contract transactions.