Mumbai among World's 20 Most Expensive Cities for Luxury Rentals

12) Sydney, Australia

Worldwide rank: 12

Sydney is one of the largest and the most sought after city in Australia. Sydney’s eastern suburbs are a known hot spot for premium properties and flourishing economy. Properties in such location offer outstanding views of Sydney Harbour as well as the Pacific Ocean and in close proximity to the city’s central business district. Rental price for a 3-bedroom luxury apartment in Sydney costs $4858 which is around 2,60,631 per month.

13) Geneva, Switzerland

Worldwide rank: 13

Geneva is one of the most popular cities in Switzerland. Besides its magnificent beauty, Geneva is known as one of the costly city to buy property. The interesting feature of Geneva that boosts its real estate market is the low interest rates. The city shows healthy real estate movement in lieu of high taxes on rental incomes. Average rental amount per mount for a 3-bedroom luxury apartment in Rio de Janeiro is $4808 which is around 2,57,949.

Also Read: 15 Best Locations to Buy Home in India in 2013