Nestled in the heart of Delhi, Connaught Place, lovingly referred to as CP, is not just a geographical landmark but a cultural and commercial epicentre that has stood the test of time. Its inception in 1929 under British rule marked the beginning of an architectural marvel that continues to captivate locals and tourists alike.
The Man Behind Connaught Place
Designed by the visionary British architect Robert Tor Russell, in collaboration with Nicholas, the iconic circular structure draws inspiration from illustrious landmarks like the Royal Crescent and the Roman Colosseum, TimesNow reported.
Connaught Place History
Over the years, Connaught Place has metamorphosed into a bustling nexus of commerce, culture, and cuisine. For the discerning Indian, it offers a shopping extravaganza, a place to unwind, and a culinary delight. International visitors deem it a quintessential Delhi experience, while for retailers, it’s a coveted locale to establish their businesses.
Who owns Delhi’s Connaught Place?
Yet, amidst the glamour and allure, the enigma of ownership shrouds Connaught Place. Though officially owned by the Government of India, the labyrinthine network of property ownership within its precincts remains a mystery to many, according to News18.
What is the rent of shops in Connaught Place?
Historically, prior to independence, properties in this area were leased out at nominal rates, a relic of which persists today under the Old Delhi Rent Control Act. Consequently, while property owners may receive meagre rents, the current tenants, ranging from esteemed brands like Starbucks and Pizza Hut to banks, rake in substantial revenues, creating a stark dichotomy in earnings.
The legacy of Connaught Place transcends mere bricks and mortar; it embodies a narrative of resilience, evolution, and intrigue. As it continues to thrive as one of the globe’s most coveted commercial districts, its ownership saga adds another layer of fascination to Delhi’s iconic landscape.
