Who is the owner of Connaught Place? The story behind Delhi’s most famous commercial hub News24 –

Connaught Place, nestled in the heart of Delhi, popularly known as known as CP is more than just a commercial center. The iconic white buildings with beautiful pillars, Georgian-style architecture, round circle layout mirroring European streets, shops, cafes, and offices has been a popular spot for shopping, hanging out, and doing business for decades. It is a must visit place in Delhi, where history and urban life perfectly blend together. With the charm this area possesses, it wouldn’t be wrong to say that CP has stood the test of time as one of India’s most iconic and bustling public spaces.

Divided into blocks, with luxury brand outlets, fine dining spaces, age-old bookstores and window shopping spots, CP has everything to offer. It’s subtle charm has even made its way to Bollywood, with films like Love Aaj Kal, Badhaai Ho, Sui Dhaaga, Veere Di Wedding, Panga and others featuring CP. But amidst all the grandeur and history, have you ever thought, who actually owns Connaught Place? In this article, we will explore the ownership of this iconic area and who has the right over it.

Who is the owner of Delhi’s Connaught Place?

An architectural marvel, Connaught Place was constructed by the British between 1929 and 1933. It was designed by Robert Tor Russell, and its structure inspired by the Royal Crescent in Bath, England. It was named after Prince Arthur, the 1st Duke of Connaught, third son of Queen Victoria.

Connaught Place is not owned by a single entity. While the land belongs to the Government of India, the buildings are owned by a mix of private individuals, families, trusts, and corporations. The area is managed by New Delhi Municipal Council (NDMC), which oversees the management and ensures smooth functioning of it as a major commercial hub.

Each block has its own set of owners. Legally, the government retains ownership of the land, while the structures are privately held. However, you will be shocked to know that before independence, most properties were rented out at nominal rates. This would sometimes be as low as a few hundred rupees. Early commercial establishments belonged to traders from the Kashmere Gate area. According to the Old Delhi Rent Control Act, leases signed before 1947 saw only modest rent increases, capped at 10 per cent per year.

While the building today stands tall with vibrant crowd, regular locals report of its declining charm. The NDMC has initiated several redevelopment projects to restore the beauty of this area, with plans including the provision of heritage sensitive signage, improvement of roads, drainage sewerage, water supply, traffic management plan, adequate parking, and walkways etc.