Mumbai: A new global survey ranks the island city of Mumbai among the 10 most expensive cities in the world based on the cost of accommodation. The survey by International Human Resources International, ECA, ranked Mumbai as the seventh most expensive cities to live in.

In December last year, the ECA international had ranked Mumbai at 26th position in Asia, just below Bangkok and just below Hanoi, the capital of Vietnam.

Hong Kong, Tokyo and New York ranked amass the most expensive cities in the world to live in followed by Moscow, Seoul, London, Mumbai, Shanghai, Caracas (Venezuela) and Paris in order of the expense involved in living there.

According to Lee Quane, general manager, ECA International Hong Kong, ''''High rentals in Tokyo, New York, Seoul, Moscow, London and Paris largely reflect high living costs in these locations, while Mumbai, Shanghai and Beijing suffer from a shortage of modern and well equipped properties, pushing prices up for those properties,''''

However, Caracas, the capital of Venezuela has also broken into the list, holding tenth position in the survey.