The scorching pace of growth in the country’s realty market has pushed Mumbai and New Delhi among the world’s ten costliest locations for setting up an office, global realty consultant CBRE report has said.

“London’s West End, Mumbai, the City of London and Moscow are the top four most expensive office markets in the world,” CB Richard Ellis said in a statement.

According to CBRE Research’s semi-annual Global Market Rents survey, which tracks the world’s most expensive markets as well as markets with the fastest growing rents over the past 12 months, Delhi ranks eight in the most expensive office markets of the world.

In the category of fastest growing office rents, Mumbai ranks third with 55 per cent jump in last 12 months, while Bangalore is at sixth place with an increase of 49 per cent. New Delhi is at 12th position with 34.3 per cent jump in office rental in last one year.