Connaught Place is ninth most expensive office market in world; Mumbai lags

This makes CP costlier than Dubai, downtown Boston and Shanghai, says survey by CBRE Group

Connaught Place in Delhi has been ranked ninth most expensive prime office market in the world with an occupancy cost of $153.89 per square feet per annum, said a new survey. Connaught Place was seventh in the last year's survey.

According to the bi-annual Global Prime Office Occupancy Costs survey of US-based CBRE, Mumbai’s Bandra Kurla Complex (BKC) moved one place up from nineteen to 20 while the CBD of Nariman Point ranked thirty-third on the list of the top 50 most expensive office markets around the world. Global prime office occupancy costs include rent, plus local taxes and