Report: Connaught Place ranked World’s 9th Most Expensive office location
According to a new Report by the Commercial Real Estate Services (CBRE), Delhi’s Connaught Place is the World’s ninth most expensive office location with annual prime rent of Rs 6,874.85 per square feet by the end of 2016.
On the other hand, Mumbai’s Bandra Kurla Complex (BKC) is at 19th Position and Nariman Point at 30th Position.
Hong Kong Central tops the chart of the World’s most expensive office market with annual prime rent of Rs 17,187 per square feet, followed by Finance Street in Beijing and Kowloon in Hong Kong at the 2nd and 3rd place, respectively.
Despite its limited space, Connaught Place is still a sought out place, according to CBRE officials.
CBRE chairman of Anshuman Magazine, said, “Its location in the heart of India’s capital, coupled with great infrastructure and connectivity to other parts of the city, means it is the ideal location for any business to be in. India’s commercial real estate has continued to see positive traction in the last two years. It continues to be a preferred destination for global corporates.”