Connaught Place (CP) is often described as the beating heart of Delhi. Its grand white buildings, circular layout and bustling corridors make it one of the most recognisable landmarks in India. For many, CP is more than just a marketplace it is an experience filled with old-world charm, heritage architecture and modern commercial life.
But behind the glamorous shops, busy offices and crores worth of rentals, a question frequently puzzles people: Who actually owns Connaught Place, and who earns the rent from these prized properties?
Built by the British, Inspired by England
Connaught Place was constructed during the British Raj between 1929 and 1933. It was designed by Robert Tor Russell, one of the most prominent town planners of that era. The design is said to be inspired by the Royal Crescent in Bath, England an architectural landmark known for its curved Georgian-style layout.
Named after the Duke of Connaught, CP was envisioned as the commercial heart of New Delhi. Nearly a century later, it still holds that position, attracting thousands of visitors every day.
Who Is the Owner of CP?
Contrary to popular belief, Connaught Place does not have one single owner. Instead, its ownership is divided across multiple layers. The Government of India legally owns the land on which Connaught Place stands. It is the primary custodian of the entire area. But the buildings themselves tell a different story.
Each block in CP-A to N has numerous individual shops, offices and spaces. These buildings were leased out to private individuals and families during the pre-independence era. In many cases, the same families continue to hold those leases even today. Some families own multiple shops, and historical records show that a few individuals once controlled as many as 50 units inside CP.
Why Some Rents Are Shockingly Low Even Today
After independence, Connaught Place evolved rapidly, becoming a top commercial hub. But when it comes to rent, much of CP is still tied to its past.
Under the old Delhi Rent Control Act, properties leased before independence could only see a minimal annual increase around 10% of the original rent. That means a shop leased for Rs 50 in 1945 might still be paying only a few hundred or a few thousand rupees today.
This situation has remained virtually unchanged for nearly 70 years, which explains why some of CP’s most premium locations are still occupied under extremely low rents.
A Prestigious Address With a Complex Ownership Story
Today, Connaught Place is counted among the most valuable commercial districts in the world. Office spaces are highly sought after, brands fight for prime visibility, and footfall remains unmatched. Yet, its ownership remains a mix of government land, private leases and long-standing tenancy agreements that date back to the 1930s and 40s.
Its legacy, charm and unique ownership structure all add to the mystery and fascination that CP continues to hold making it not just Delhi’s commercial centre, but one of India’s most interesting real estate stories.
