By  Apurva Bhatt

Mumbai is more expensive than Mumbai, when it comes to property rates. According to a report released by Knight Frank, whereas the rates in  Dubai are Rs 40,455.  Monaco heads the list with a per square foot cost of Rs 3.39 lakh.

The five global prime residential hotspots are London, New York, Cape Town, Dubai and Hong Kong. Renarks Deepak Kapoor, a well known real estate dealer from Chembur, “Mumbai deserves to be in the top 10 cities of the world, as it’s the financial capital of India. I believe in the next two to three year it will come in top 5.”

 “According to our latest Attitudes Survey results, the ultra high net worth individuals' appetite for property as investment remains undimmed. Falling oil prices should free up more capital to be spent on consumer goods, which should in turn present more property opportunities to feed the increasingly hungry private investor,” said the report.