Delhi – India’s capital metropolis – offers a spectacular diversity of heritage, fashion, and a cosmopolitan lifestyle. It is one of the fastest-growing cities with a robust infrastructure. In Delhi, Connaught Place (CP) is one of the well-known places known for its grandeur, which is attracting home buyers’ attention. CP is often referred to as the heart of the national capital and is home to premium buildings. It is one of the most vibrant business districts in Delhi, and the circular structure of CP serves as a link to all aspects of Delhi. This epicentre for commercial activities makes it a natural preference for homebuyers, corporations, and businesses to live in and thrive.
According to JLL’s Premium Office Rent Tracker (PORT), Delhi’s Connaught Place has been ranked 17th this year with an average occupancy cost of USD 109 square feet per year. It is one of India’s most coveted locations surrounded by Golf Links, Chanakyapuri, Jor Bagh, and Sunder Nagar. The growing significance of owning a house and residing close to such premium neighbourhoods is driving the market occupancy costs to new heights, thus resulting in increasing residential demand in CP.
Some of the key points that stand out for owning a home in Connaught Place are:
Advantage of strategic location: Location has always been an important factor in home-buying decisions and adds significant value to the property. CP is a business and financial hub laced with a natural ambiance, which promises a quality lifestyle to residents. With various government offices, banks, media houses, retail brands, and restaurants located nearby, CP also enables the walk-to-work culture. A recent Cushman & Wakefield report stated that high street retail locations such as Khan Market and CP in Delhi – NCR witnessed an increase in monthly rentals by 5.6 percent during January-March, 2022 period as compared to the previous quarter on better demand for space from retailers. This appreciation across major main-street locations further enhances the residential demand.
Prestigious Area: CP is in close proximity to major establishments like the Supreme Court and Presidents Estate and has been attracting buyers to this area. This location is also strategically positioned as an elite area with reference to the timeless elegance of its Pin code 110001.
Accessibility: Among the popular destinations in the country, CP is a well-loved residential destination for homebuyers, owing to its convenient location and accessibility. It is very well connected to all parts of Delhi through public and private transport. The nearest metro stations are Rajiv Chowk Station, Janpath Metro Station, and Patel Chowk. The place is accessible through 12 different routes, along with Janpath Road offering connectivity to three major expressways.
Physical, Social, and Civic Infrastructure: The presence of the thoughtfully built, lush green Central Park, Jantar Mantar, Ugrasen ki Baoli, and National Philatelic Museum makes it a popular tourist attraction in Delhi and adds more value to the destination. It has something for everyone: opulent boutiques, cafes, Janpath Market, Palika Bazaar, art galleries, museums, and much more. As part of the government’s Smart City Mission, solar panels and energy-saving intelligent poles have been installed, which have air sensors, energy-saving LED lights, and even WiFi connectivity, which adds to the civic infrastructure of the Metropolitan City Centre. Homebuyers here will be able to enjoy a comfortable lifestyle with all the desired services and amenities in nearby areas, thus assuring a high livability quotient.
