New Delhi: New Delhi's Connaught Place has slipped two notches to become the world's seventh costliest office destination. The British architecture still stands tall and is one of fine examples of civil engineering across the globe.Thanks to a slowdown in the realty market and a fall in rupee's exchange rate that the central area of the Indian national capital slipped two positions lower, property consultant CBRE has said. Occupancy cost of CP stood at $156.65 per sq ft per annum.
Mumbai's Bandra Kurla Complex (BKC) plummeted to 15th position from 11th, while Nariman Point stood at 32nd position compared to its earlier 26th position. CBRE Prime Office Occupancy Costs survey provides data on office rents and occupancy costs as of September 2013.Read more
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