Someone just lost it in New Delhi !
I read in the TOI that some chaps just rented out a 133 sq. ft. shop near Safdarjung Road, New Delhi for an astounding Rs 12,09,000 per month. That is a rental of Rs 9,022 per sq ft per month.
This patch of bricks would have costed Rs 10,15,000 in the Fifth Avenue, New York, Rs 9,80,00 per month in Causeway Bay, Hong Kong, Rs. 6,25,000 in Champs Elysees, Paris, Rs. 5,40,000 in Via Montena Pleone, Milan and Between Rs 4,00,000 to Rs 4,50,000 in Grafton Street, Dublin, New Bond Street, London, Ginza in Japan, and Bahnhofstrasse in Zurich.
Just to put things in micro perspective, if the same guys went shopping elsewhere in New Delhi they would have found a nook in natty Khan market at Rs 1,100 per sq ft per month, Rs 800 per sq ft per month in Posh South Ex, and Rs 675 per sq ft per month in Connaught Place.
Whoa ! I love these guys. Whoever they are !
February 3, 2009 at 5:54 pm
whatever are they selling at the store? That I would like to see!
February 5, 2009 at 1:44 pm
whoever they are, they got more money than brains.
March 12, 2009 at 7:52 pm
what’s the shop for? does that location advantage them? where are u?