Connaught Place 9th Most Expensive Office Location Globally
New Delhi: Connaught Place (CP) in New Delhi is the ninth most expensive office location in the world, says a report by property consultant CBRE. CP has an annual rent of about US Dollars 144 per sq ft. Even last year, CP was ranked in the ninth most expensive office location.
“Connaught Place – central business district (CBD) retains its ninth position in the list as last year and the office occupancy cost is valued at US Dollars 143.97 per sq ft,” the report says.
Bandra Kurla Complex and Nariman Point CBD in another metropolitan of the country Mumbai slipped to 27th and 40th positions, respectively in the report. Bandra Kurla Complex (BKC) was ranked 26th and Nariman Point at 37th in the rankings last year. The existing annual prime rent of BKC stands at US Dollars 90.67 per sq. ft and the Nariman Point CBD is valued at US Dollars 68.38 per sq ft.