Connaught Place is one of the largest financial, commercial and business centres in New Delhi, India. It is often abbreviated as CP and houses the headquarters of several noted Indian firms. As of July 2018, Connaught Place was the ninth most expensive office location in the world with an annual rent of US$153 per sq ft.The main commercial area of the new city, New Delhi, occupies a place of pride in the city and are counted among the top heritage structures in New Delhi. It was developed as a showpiece of Lutyens' Delhi with a prominent Central Business District (Delhi). Named after Prince Arthur, 1st Duke of Connaught and Strathearn, construction work began in 1929 and was completed in 1933. A metro railway station built under it is named Rajiv Chowk (after Rajiv Gandhi).