Delhi-NCR ranked world’s 84th most expensive office location; Hyderabad placed 214th

New Delhi: Delhi-NCR is ranked 84th in the list of most expensive office locations in the world with an annual cost of USD 5,392 (over Rs 3.5 lakh) per workstation, according to property consultant Cushman & Wakefield.

Hong Kong emerged as the most expensive location with an annual cost of USD 27,431 per workstation, followed by London and Tokyo, the consultant said in its report ‘Office Space Across the World 2017’ that evaluated 215 global locations.

“Delhi-NCR is ranked 84th in the global stacking of most expensive office locations. Rest of the India office markets



ranked below 100, making Indian office markets one of the most affordable in the world,” the consultant said.

Delhi–NCR emerged as the most expensive office location in India, costing almost Rs 430 per sq ft per month, taking the cost of each workstation to over Rs 3,51,008 per annum.

“Indian office spaces are competitive globally in terms of price design and desk space. This coupled with strong talent pool, provides for winning combination for entry and expansion of global companies in India,” Cushman & Wakefield India Country Head and Managing Director Anshul Jain said.