New Delhi: The country’s financial hub, Mumbai, and New Delhi are among the world’s 10 most expensive cities for expatriates to live in, says a survey by global HR consultancy Mercer.
According to the survey on housing costs and practices for employees sent on overseas assignments, Mumbai has emerged even more expensive than New York City in the United States and China’s Capital Beijing.
Mumbai has been ranked as the world’s fourth most expensive city in terms of rental property for expatriates, while New Delhi is eighth, the survey for February 2009 said.
Mumbai has moved up by one notch from its fifth position in the September 2008 survey, while New Delhi has fallen two places from its sixth place in the previous ranking.
Russia’s Moscow has topped the list of world’s most expensive cities and is followed by Tokyo (second), Hong Kong (third), Mumbai (fourth)and New York City (fifth) as the five most expensive cities across the globe for expats to live in.
The survey highlighted that Asian cities have dominated the list of the world’s costliest locations for expats living there, with as many as six locations from the region being among the world’s top 10.