In Pics | Delhi's Connaught Place 17th Costliest Office Market In World

Representational Image. (Source: Getty Images)

According to property consultancy JLL, New Delhi's Connaught Place has improved to 17th place in the world's most expensive office market from 25th place in 2020, with an annual average occupancy cost of USD 109 square feet. (Source: Getty Images)

"The heart of the National Capital - Connaught Place is home to premium buildings and remains the most expensive office market in the country. Connaught Place in Delhi has climbed up the rankings from 25th position last year to 17th this year with an average occupancy cost of USD 109 square feet per year which is higher than San Francisco," JLL India said in a statement. (Source: Getty Images)

The company said in its monitoring report on expensive office locations that New York-Midtown and Hong Kong-Central are jointly the most expensive office markets in the world. The average annual cost of renting an office there is $261 per square foot. (Source: Getty Images)

JLL said in a statement that the rent for an office at Connaught Place, considered the heart of Delhi, is among the costliest in the country. Mumbai's BKC (Bandra-Kurla-Complex) is the second most expensive office market in the country with a cost of $102 per annum. (Source: Getty Images)

Apart from this, in the July-September quarter, the rent in Khan Market increased by 12.5 per cent to Rs 1,350 per sq ft. Apart from this, quarter-on-quarter rent has increased by about 16.7 percent in South Extension. Here after this increase, the price per square foot has gone up to Rs 700. (Source: Getty Images)