Check out the 10 most expensive office locations around the world.
In its annual Global Prime Office Occupancy Costs survey, CBRE tracks the cost of leasing prime office space globally.
The new centre is expected to be operational in June 2019.
The company plans to expand into Bengaluru, Pune, Mumbai, and Hyderabad in the near future and expand its network to 30 cities and overall capacity to over 100,000 seats across the country
"Connaught Place in New Delhi has the sixth most-expensive rentals for premium offices among 20 major markets in Asia Pacific region," JLL said.
Among other Indian cities, Mumbai is ranked 14th with an average occupancy cost of $96
Mumbai (BKC) slips by ten places to 26th; Nariman Point declines to 37th position from 30th last year
The move comes following a fire in a Mumbai pub on December 29 that claimed 14 lives, sparking off safety concerns at eateries and restaurants in the national capital
Optimistic near-term outlook despite GST-induced spike in taxes on CRE rentals
Mumbai's Bandra Kurla Complex is at 16th rank while Nariman Point is at 30th position in the CBRE's latest report Global Prime Office Rent H1 2017.
CP, which otherwise hums with life, wore a relatively deserted look on Friday, still smarting under a three-day bandh to protest against GST
According to the bi-annual global prime office occupancy costs survey by realty consultant CBRE Group, New Delhi's central business district of Connaught Place is the 9th most expensive office market in the world with an occupancy cost of USD 153.89 per sqft per annum.
New Delhi’s Central Business District (CBD) of Connaught Place is the ninth most expensive prime office market in the world with an occupancy cost of USD 153.89 per sq ft per annum.
Mumbai's Bandra Kurla Complex (BKC) is at 19th position while the central business district (CBD) of Nariman Point is at 30th place in the CBRE's Global Prime Office Rents report.
NDMC had partnered with Tata Teleservices in 2014 to provide the service in inner and outer circles of Connaught Place, one of the significant business and leisure centres in the city.
Pedestrianisation of Connaught Place on a pilot basis, will be implemented for three months from February 2017, for ground-level testing of issues related to changes in traffic circulation, experience of pedestrians and shop owners, R
The central business districts (CBDs) in the country, seem to be losing sheen, vis-Ã -vis being real estate markets that drive economic activities. Critics attribute this to the improving quality of infrastructure on the outskirts R
London's West End was the world's highest-priced office market for the second straight year with overall prime occupancy cost of USD 273 per sq ft per year.
Tata Global Beverages, which has a joint venture with the US-based Starbucks, today said it will meet its target of opening 50 outlets of the world's largest coffee chain in India by this year, a delay of one year from the original schedule.
London elbowed its way past Hong Kong to regain the title as the world's most expensive market in which to rent office space, while Rio de Janeiro jumped to the No. 3 spot from No. 8, according to a report by global real estate services firm Cushman & Wakefield.