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."
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
PM Modi chairs high-level meeting after ceasefire announcement
New Delhi, May 10 (PTI): Prime Minister Narendra Modi chaired a high-level meeting Saturday evening with top government functionaries, including Defence Minister Rajnath Singh and External Affairs Minister S Jaishankar, following the announcement that India and Pakistan have reached an understanding to stop military actions.
NSA Ajit Doval, Chief of Defence Staff General Anil Chauhan and all three service chiefs were among those who attended the meeting.
The directors general of military operations (DGMO) of India and Pakistan have agreed to stop all firings and military action on land, air and sea with effect from 5 pm on Saturday, Foreign Secretary Vikram Misri said.
The brief announcement by the foreign secretary came shortly after US President Donald Trump said India and Pakistan have agreed to a "full and immediate" ceasefire after talks mediated by the US.
The DGMO of Pakistan called the DGMO of India at 3.35 pm earlier this afternoon, Misri said.
