Delhi bests Mumbai for future investments

The Economic Times reports that Delhi has beaten Mumbai in a new survey conducted by real estate agency Cushman & Wakefield, "as the most preferred Indian location and outsourcing hub for European business investment." The top five cities were Shanghai, Beijing, Sao Paulo, Mexico City and New Delhi which are likely to see the largest investments from Europe in the next five years.

Says Cushman & Wakefield joint MD Chanakya Chakravarti, “With the current trend towards globalisation, Asia is gaining importance among the European companies and corporations, as the market opportunity offered by burgeoning economies such as China and India. These destinations are considered imperative and significant for long-term growth of their global businesses.”