Bangalore is a expensive city!

The rush of MNCs to the global back-office headquarters Bangalore has placed the city among the world’s five most expensive cities in terms of hotel rents, even as India’s financial capital Mumbai has seen the biggest rise in rentals, says a survey.

Moscow remains the most expensive city with average room rates of £236.06 (Rs 19,433), compared to £220.57 in 2006, according to a survey by UK-based corporate travel consultant HRG.

Moscow is followed by New York city at the second slot (£180.29), Dubai (£166.73), Paris (£165.84) and Bangalore, which has an average room rent of £162.04 (Rs 13,341) for the first six months of 2007.

Interestingly, Mumbai has witnessed the highest rise of 30% in average room rates at £147.55 (Rs 12,147) over the last six months