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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Anura Kumar Dissanayake sworn in as Sri Lankan president
Colombo (PTI): Anura Kumara Dissanayake was sworn in as Sri Lanka's ninth president on Monday, amid hopes that he will bolster the country's economy and eliminate corruption.
Dissanayake, 56, was sworn in by Chief Justice Jayantha Jayasuriya at the Presidential Secretariat.
Dissanayake, the leader of the Marxist Janatha Vimukthi Peramuna party's broader front National People’s Power (NPP), defeated his closest rival Sajith Premadasa of Samagi Jana Balawegaya (SJB) in Saturday's election.
The election was the first to be held since mass protests unseated Gotabaya Rajapaksa in 2022 after the country suffered an economic crisis.
In his inaugural address to the nation, Dissanayake thanked outgoing President Ranil Wickremesinghe for respecting the people’s mandate and facilitating a peaceful transfer of power.
His swearing-in comes hours after Prime Minister Dinesh Gunawardena resigned from his post as part of a power transition in the country following the presidential election.
The country's Election Commission had to order an unprecedented second round of counting on Sunday after no candidate secured over 50 per cent votes needed to be declared the winner of Saturday's election.
Dissanayake won the election obtaining 5.74 million votes, with 105,264 preferences. Premadasa got 4.53 million votes with 167,867 preferences.
Dissanayake's anti-corruption message and his promise of a change in political culture resonated strongly with young voters who had been demanding system change since the economic crisis.
