Connaught Place Eight Costliest Office Place in the world

Delhi’s Connaught Place has selected as one of the world’s eighth costliest office place. This commercial district was placed seventh in the preceding list released by property consultant CBRE in the month December 2013 year. London’s West End remained the world’s highest priced office market followed by Hong Kong and Beijing, according to CBRE global research report. Connaught Place is very costly place, if we make the comparison with  Bandra Kurla complex of Mumbai and Nairman point. They are ranking at 16^th and 32^nd in top list of 50 costliest global office markets. And BKC was ranked 15^th in the December list whereas Nairman Point held 32^nd place.

Through by a statement of CBRE South Asia Chairman & MD Anshuman Magazine, “This slow movement modification in the rankings in the CBD is due to an improving worldwide market.” However, the demand levels continue stable and due to lack of innovative supply values endure very high. CBRE tracks habitation prices for prime office space in 126 markets around the world. Up-to-date report says that Delhi’s outdated central business district of Connaught place was listed as the eights most costly office market in the world.”