2024-05-07 10:21:33
New Delhi: Connaught Place is also known as CP. This is an important place for the people and tourists of Delhi. For many people, Connaught Place is the ideal place to shop, socialize and enjoy delicious food. Foreign tourists see it as a destination that must be visited. Whether you are a fan of the latest fashion, looking for traditional handicrafts or want the latest in electronics, you will not be disappointed at CP. There are shops for every budget, catering to everyone.
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The British government had constructed it in the year 1929. This place situated in the center of Delhi was named after the Duke of Connaught and Strathearn. It was designed by British architect Robert Tor Russell, taking inspiration from architectural marvels such as the Royal Crescent and the Roman Colosseum.
Who is the owner of Connaught Place?
Interestingly, Connaught Place was completed in just five years. There is no official information available about its ownership. But, according to a Quora user named Shivam Tiwari, the Government of India legally owns Connaught Place.
How much is the rent for shops?
Under the old Delhi Rent Control Act, there was only a 10 per cent annual rent increase in properties rented out before independence. This means that some tenants still pay relatively low rents. However, major brands like Starbucks and Pizza Hut offer a good monthly rent. It is worth lakhs of rupees. Today Connaught Place is considered one of the most expensive commercial areas in the world.
Connaught Place is a symbol of the vibrancy and culture of New Delhi. It is a place that reflects the history and present of the city. It is also known as the Royal Mile. This is one of the busiest intersections in the world.