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Delhi's Connaught Place has slipped one notch to become the world's seventh most costliest office destination, according to property consultant CBRE. Mumbai's BandraKurla Complex (BKC) is at the 19th position and Nariman Point at 34th, according to CBRE Research Global Prime Office Occupancy Costs bi-annual survey. "With annual occupancy cost of USD 149.71 per sq ft, New Delhi's Central Business District (CBD) of Connaught Place ranks as the seventh most expensive prime office market in the world," CBRE said in a statement. Hong Kong (Central) became the highest-priced office market with an overall prime occupancy cost of USD 290 per sq ft per annum, followed by London-Central (West End) with an annual occupancy cost of USD 262.29. Beijing (Finance Street), Beijing (Central Busines...

The city government has put on hold its bike-taxi and rent-a-bike schemes after authorities in Gurgaon and Bengaluru launched a crackdown over rampant violations in their operations. The AAP government had in February last year approved the rent-a-bike scheme but not notified it. It was aimed at providing last mile connectivity to tourists and individual in the city. The Bike-taxi scheme was, however, under consideration. "In Gurgaon and Benguluru, operators of rent-a-bike and bike-taxi schemes were running private vehicles which is in violation of rules. Only commercial vehicles are allowed under the scheme," said a senior official. The official said that in view of this, the transport department will study the scheme and then come out with a final notification. "We have put on...

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Delhi’s Connaught Place is World’s 7th Costliest Office Destination

Delhi Govt Puts on Hold Bike-Taxi and Rent-a-Bike Schemes