Delhi’s Connaught Place, which is the most expensive office location in India, has dropped four notches to number eight on the global charts from last year. Mumbai’s commercial business district of Bandra-Kurla Complex (BKC) has emerged as the second most expensive office location in India and eighth in the Asia Pacific region.
According to the report, Connaught Place fell from the fourth to the eighth rank on the global list due to an appreciation in US dollar and euro against the Indian rupee last year. “This caused a shift in New Delhi’s position in terms of global occupancy costs when measured on a dollar or euro basis.
Contributed By Sonia Narula