Delhi's Connaught Place world's 9th most expensive office area: Report
New Delhi, July 11: Connaught Place in Delhi is the ninth most expensive office location in the world, a CBRE report said here on Wednesday.
"Delhi's Connaught Place moved one notch up to be the ninth most expensive office location with an annual prime rent of $153.26 per square feet from last year's tenth most expensive office location," said the report titled "Global Prime Office Occupancy Costs 2018".
Meanwhile, Mumbai's Bandra Kurla Complex moved down to the 26th position with an annual prime rent of $96.51 per square feet and the central business district in Nariman Point, Mumbai fell from 30th to 37th position with an annual prime rent of $72.80 per square feet, it said.
The most expensive office location in the world is Hong Kong (Central) with annual prime rent of $306.57 per square feet, according to the report. The city held on to the top position for the second consecutive year, it said.
London (West End) and Finance Street in Beijing were second and third in the list.
CBRE's Chairman, India and South-East Asia Anshuman Magazine said: "Strong demand from finance, technology and the e-commerce sectors has fuelled the growth momentum in prime occupancy costs from last year and commercial office market remains a strong growth propeller for the real estate sector."
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US VP JD Vance says Lebanon not part of ceasefire, calls it ‘misunderstanding’
Budapest/Washington: US Vice President J D Vance has said that Lebanon was never included in the ceasefire understanding with Iran, describing the confusion as a “legitimate misunderstanding”.
Speaking to reporters before departing from Hungary, Vance said, “I think the Iranians thought that the ceasefire included Lebanon and it just didn’t. We never made that promise.”
He stressed that the United States had not included Lebanon in the scope of the ceasefire at any stage.
His remarks come amid continued Israeli strikes in Lebanon, where more than 200 people were reported killed, even as ceasefire talks between Iran and the US move forward.
Vance said Israel had “offered … to check themselves a little bit in Lebanon because they want to make sure that our negotiation is successful”.
He warned that if Iran allows the situation in Lebanon to affect the negotiations, it could derail the talks.
“If Iran wants to let this negotiation fall apart in a conflict where they were getting hammered over Lebanon, which has nothing to do with them and which the United States never once said was part of the ceasefire, that’s ultimately their choice,” he said.
