Mum is 10th costliest in world for buying flats

Despite the 26/11 terror attacks, Mumbai is the tenth costliest city in the world for properties, while India's IT capital is second cheapest, just ahead on Cairo, in a list of 120 cities, a research reveals.

Despite the 26/11 terror attacks, Mumbai is the tenth costliest city in the world for properties, while India's IT capital is second cheapest, just ahead on Cairo, in a list of 120 cities, a research reveals.u00a0

pricey: The research was based on the price of 120 sq m high-end flats in the world

The costliest city for properties is Monte Carlo, where a top-end apartment costs around Rs 23.15 lakh per square metre, followed way behind by Moscow (Rs 10.14 lakh per sq m) and London (Rs 10.10 lakh), according to property research group Global Property.

The research, which was based on the average price of a 120 square metre high-end apartment in the centre of 110 cities around the world, found Tokyo (Rs 8.75 lakh) on fourth position followed by Hong Kong (Rs 7.84 lakh).

New York (Rs 7.25 lakh), Paris (Rs 5.89 lakh), Singapore (Rs 4.72 lakh), Rome (Rs 4.46) and Mumbai (Rs 4.45 lakh) made up the rest of the list.

Meanwhile, Cairo was found to be the cheapest city (Rs 27,933) followed by Bangalore (Rs 31,972).

The top ten cities
1. Monte Carlo
2. Moscow
3. London
4. Tokyo
5. Hong Kong
6. New York
7. Paris
8. Singapore
9. Rome
10. Mumbai