That is Connaught Place - the hub of Delhi. Its a symbol of the true Delhi, a perfect blend of the old and the new. While the buildings in the outer circle (visible here) and the inner circle date back to the British Raj Era, a lot has changed - the Metro being the finest sign of modern times having arrived. You can find all sorts of people in this busy part of the city - it still has its old world charm.
There are people older than the days of the Raj who'll have all the time to tell you stories about how some of the shops were rented out in those days for Rs. 25 and still continue to pay the same amount. You also find the Modern Cosmopolitan Indian alighting out of the Metro in a hurry, always on the cellphone or the iPod. There are the tourists, all amused at the crowd, wondering whether there is enough space in the city to hold all these people. Like the traffic at the junction, CP moves on.
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