Connaught Place becomes world's ninth most expensive office location

The capital hub's monthly rent is $153 per square feet, up from $105.71 last year; Mumbai slip

Connaught Place (CP) has moved up a notch to the ninth position in the list of most expensive office locations in the world, with an annual rent of $153 per square feet, according to property consultant CBRE.

Commercial capital Mumbai’s Bandra Kurla Complex (BKC), which houses the offices of some of the biggest banks in the country, however, slipped to 26th position, with an annual prime rent of $96.51 per sq ft from the 16th position. 

The central business district (CBD) of Nariman Point also moved down to 37th position, commanding an annual prime rent of $72.80 per square feet