It’s official, Delhi’s Connaught Place, is now the number one office location in India. Leaving behind Mumbai’s commercial business district of Bandra-Kurla Complex (BKC), Delhi’s Connaught Place has emerged as the most sought after office location in the country. Bandra-Kurla Complex has slipped to the second position in the list of expensive office locations in India. BKC also ranks eighth in the Asia Pacific region for prime office market.
According to Nakul Mathur, Director of Operations at Avanta Business Centre Pvt. Ltd., “This upward trend in global marketplace has helped Connaught Place become the number one business district in India. It has been one of the business-friendly districts in the country and now become the number one.”
He further added that, “Being in Connaught Place gives you an opportunity to position your business strongly in the global market. Leasing your own office can be a little expensive, but a fully equipped office space in Connaught Place is the way to go. They’re economical, ready-to-go, and strategically place in the number one business district of India.”
Connaught Place has a strong leasing environment. Office occupiers from all sectors tend to lease commercial office spaces in Connaught Place. However, with the shortage of new corporate real estate spaces, renting day offices in New Delhi is a good option.
As per the recent survey by CBRE, a prominent commercial real estate services and investment firm, Delhi’s Central Business District (CBD) – Connaught Place has moved up two places to the sixth spot on the global top 10 rankings for prime office markets in 2014.
In 2013, Connaught fell down from fourth to the eighth rank due to the appreciation of US Dollar and Euro against Indian Rupee. However, few gains of Indian Rupee in recent times have put this CBD back up on global rankings.
“Connaught Place remains a highly sought after destination for corporate office occupiers, because of its central location and connectivity to the rest of the city,” CBRE said.
The business district continues to attract sectors like banking, consulting, insurance, trade, media, and financial services. The CBRE survey said that there has been a rising demand for high quality space in Connaught Place because it is the oldest established office centre in the country. This location is also in close proximity to other establishments such as trading centres, government organisations, and retail location.
About Avanta Business Centre
Avanta Business Centre is a rapidly growing serviced office provider in India. With its business centres in Delhi/NCR, Avanta looks to provide fully flexible office spaces at cost-effective prices. All business centres in Delhi/NCR are equipped with world-class IT infrastructure and telephony, allowing you to run your business smoothly. The high quality administrative support and in-house meeting rooms mean that you don’t have to worry about anything when it comes to office operations.
Contact Avanta Sales Team today to book an office space in Connaught Place at best prices. Call on +91-11-3044-6402 or drop an email firstname.lastname@example.org.