CURRENT AFFAIRS

Detailed explanation-1: -Connaught Place 9th most expensive office location in the world: CBRE . CBRE highlighted that six of the world’s 10 most expensive office markets are found in Asia.

Detailed explanation-2: -Delhi’s Connaught Place 9th most expensive office location in World: CBRE. As per property consultant CPRE’s annual Global Prime Office Occupancy Costs Survey, New Delhi’s Connaught Place (CP) is 9th most expensive office location in the world with an annual rent of nearly $144 per sq. ft.

Detailed explanation-3: -Connaught Place of New Delhi is one of the largest commercial, financial, and business centres of the country. The rentals of this place are Rs. 850 per square feet in a year.

Detailed explanation-4: -As per the annual ranking, based upon the cost of leasing prime office space globally, the central district of Hong Kong was declared as the costliest office space in the world.