Despite the traffic, parking chaos and many grade A office space options cropping up in Delhi NCR in recent years, Connaught Place and surrounding areas still remains Delhi & NCR’s most prestigious and sought after business addresses for both commercial office and retail activity because of its strategic location. Having an office space in Connaught place automatically provides a certain degree of credibility to an organization. Rentals of a lot of grade A buildings in Connaught place are amongst the highest in India . The long overdue recently finished redevelopment by local municipal body NDMC has also added to the overall charm and infrastructure of CP. Most Indian and International corporate houses mainly into finance, airline, travel, banking, forex, and real estate have their head offices in the high rise buildings around the periphery of Connaught place Circle.
The main Connaught place area which is distinguished by its white colour colonial era blocks is mainly the center for commercial activities. These G+3 structres spread alongside 3 circular roads drawn around same centre, with two of them encircling their immediate circle thus creating three circles, along with the radial roads connecting these circles account for all the commercial space inventory in Cannought circle area.
The inner circle being the most sought after destination for retailers has most prestigious national and international brands in the field of fashion, electronics and F&B etc operating. The outer circle is mainly occupied by retail cum office activity businesses such as finance, forex, travel agents, banks, etc. And most of the middle circle buildinngs, barring some ground floors operating restaurents, are being used for office space purpose.
Most of office space inventorty in Canought Place business district comes from the high rise multi story buildings are located on the peripheral roads that converge in to Connaught place from all different direction, such as the K G marg, Barakhamba road, Parliament Street, Tolstoy Rd, Baba Khadag Singh Marg, etc.
Major Grade A commercial office space buildings are DLF tower, Hindustan Times Building, Statesman House, Birla Tower, World Trade tower, Thaper House, DLF captial court, Redfort Capital tower, other notable buildings are, Kailash building, Ashoka Estate, Ansal tower, Gopaldas Tower, Vandana Building, Tolstoy house etc. Commercial rentals hover between RS 100 – 500/sq ft.
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