INDIA: MNCS TAKE UP 85,000 SQ FT IN DELHI, MUMBAI.(Brief Article) IPR Strategic Business Information Database | August 30, 2004 | COPYRIGHT 2004 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

According to "Business Standard", multi-national companies placing expatriates employees in India are upping their investments on serviced apartments. In July alone, several MNCs took up nearly 85,000 sq ft of residential space on lease in prime residential locations in Delhi and Mumbai. The effective rent of these apartment varies from Rs 80,000 to Rs 2 lakh per month. In Mumbai, the trend of MNCs taking up ...

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