Delhi’s Connaught Place in top 10 priciest office markets

By: | Updated: December 31, 2014 10:33 AM

Connaught Place is even ahead of Shanghai, Tokyo and Manhattan in New York, according to a report by real estate consultancy CBRE.

Connaught Place, Connaught Place office market, Bandra Kurla Complex, Nariman Point, priciest office marketsConnaught Place is even ahead of Shanghai, Tokyo and Manhattan in New York, according to a report by real estate consultancy CBRE. (PTI)

With rising economic activity and central Delhi sought as a preferred office destination, the central business district of Connaught Place in New Delhi has emerged as the sixth most expensive prime office market in the world.

* Connaught Place is even ahead of Shanghai, Tokyo and Manhattan in New York, according to a report by real estate consultancy CBRE.

* The list of 50 most expensive office spaces across the world had three Indian localities — two in Mumbai and one in Delhi.

* $160: Rental per sq ft per annum at Connaught Place

* Rs 10,80,000: Annual rent for a 100 sq ft shop at Connaught Place, or Rs 90,000 per month

* Bandra Kurla Complex in Mumbai is the 16th most expensive office location with an annual per sq ft rental of $103, followed by Nariman Point at $76.5 per sq ft per annum.

* Asia continued to dominate the world’s most expensive office locations, accounting for three of the top five markets.

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