Buying a property means investing one’s hard-earned money into real estate with hopes & aspirations of a good future & impressive ROI (Return on Investment), which beats the overall inflation to yield some concrete profits. There are a number of factors that affect the overall prospects of a property. These factors have a very wide range & also include godsend considerations. The commercial & residential hub of the capital, Connaught Place holds a very promising prospect for growth & development as it continues to maintain its place in the top 10 most expensive real estate in the world as per the CBRE report.
With its alluring history, ever since the British decided to shift its capital to Delhi, Connaught place has been a center of gravity. Today, the place offers a perfect blend of modernity, connectivity and reliability marked by its outstanding elegance of Georgian-style architecture. There are a host of factors that amplifies its mark on the Real estate market- both residential & commercial. These factors have the consideration of both Past & future & hence provide a perfect go-to spot for long as well as short term investments, also making it a quintessential place for one’s residence.
The location advantage of CP makes it outshine its peers & establishes it as the much sought-after real estate right at the heart of New Delhi. These factors are as follows :
One of the most high-end real estate in the world
As per CBREs’ Global Prime Office Occupancy Costs survey, Connaught place holds its place among the top ten most expensive places to own a commercial or residential property. Mumbai’s Bandra Kurla Complex and Nariman Point CBD hardly made it to the list of the top 50 most expensive real estate places. It makes Connaught Place, which goes by the lingo name of C.P, a place where owning a property means assured decent returns on investment. Thanks to the commercial activities centered in Connaught Place, Income from Rental Income, too, has a magnificent sharing of income here.
Due to scarcity of land, high demand, and excellent location, Connaught Place is one of the costliest business districts on the face of the earth.
The star & grid pattern of the arterial road network with 12 well-lit & wide roads connects Connaught Place’s outer circle not only to the hot spots of Delhi but even the satellite towns of Gurugram & Noida. The public bus fleet here provides good connectivity to the everyday footfall of customers & visitors. The Rajiv Chowk Metro Station (Yellow Line) is entirely dedicated to catering to the needs of the Outer & inner circles of this commercial & residential hub. Over the past decade, the connectivity prospect has witnessed a complete overhaul of the connectivity in the area. The circular area plays nectar for the monetary activities here, augmented by its railway connectivity with New Delhi Railway Station in proximity.
The architecture of Connaught Place also holds a heritage feeling for those who find themselves at peace with classic architecture in the valorization of modernity. The Georgian-style architecture makes the place outshine & reminds one of the glorious & wealthy past the place has. The buildings here make a grid of two concentric circles- The Inner circle & The Outer Circle- leading to 12 arterial roads, which act as the lifeline for the place. These exquisite buildings, mostly of Georgian Style but with some new modern architectural build as well, most popular shopping centers, fine dining restaurants & entertainment hotspots like cinema halls.
The heritage point of CP – Central Park has the highest National Flag in the country. The 207 ft high Tricolour standing at the center of Connaught Place instills a sense of patriotism in the mind of the passersby. Additionally, Central Park itself is known for the panoramic & enthralling view it offers to visitors.
A Promising Future
Connaught Place holds a prospect that is like investment nectar for the investors as not only the current economic prospects of the place are quite meteoric, but even the future prospects are bound to break the records. Under the Delhi Master Plan (MPD- 2021) released by DDA, Connaught Place has been declared the Metropolitan City Centre in the city. The future plans for further growth & development of the area include the introduction of central air-conditioning for offices, the extension of nighttime for shops in the inner circle, and a car-free zone at night.
CP is known, among other things, for its high rentals. Due to scarcity of land & high demand, renting a shop here means high expenditure. Rentals vary with each floor & location of the building. With the area being one of the major footfall receivers, the earning prospects here are deliverable & impressive. One can see the place throned with chains of national & international brands.
All the aforementioned factors make the prospect of owning a residential property in Connaught Place appealing. One such property, which has the hallmark of the reputed Godrej Builders, is set to see the light of the day right in the heart of Connaught Place. The pristine residential property is Godrej Connaught one. This is one of the state-Of-The-Art residential Godrej Properties in CP. Endowed with all the required amenities for leading a good & comfortable life, this under-construction residential cosmos has all the pre-demarcated spaces including spacious halls, gymnasium, swimming pool, Spa, Intercom facilities, Kids’ play area & 24*7 security surveillance consisting of a three-tier security system, etc.
Connaught One by Godrej boasts its connectivity with Rajiv Chowk Metro station & New Delhi Metro Station, along with 12 arterial roads connecting it not only to other areas in Delhi but also with the satellite cities of Noida, Gurugram & Faridabad, etc. Godrej Connaught Place ROI (Return On Investment) to speaks volumes about the strategic location of this exuberant & pristine residential project right in the heart of the ever-vibrant Capital city.