Khan Market in Delhi has been ranked the 22nd most expensive retail location globally, with rental rates hitting $229 (₹19,330) per square foot annually, as per the latest Cushman & Wakefield report. The market continues to lead India’s high streets, showing a 7% year-on-year rental growth.
Key Highlights:
- Khan Market ranks as the 22nd most expensive global retail street, maintaining its position from the previous year.
- With rents at $229 per square foot, it remains India’s priciest location, surpassing Connaught Place (Delhi) and Galleria Market (Gurgaon).
- The top three most expensive high streets in India are now all in Delhi-NCR.
- Bengaluru’s Indiranagar saw the strongest rental growth in the Asia-Pacific region.
- The report noted that limited retail space and strong demand continue to drive rent increases in India.
- Globally, Milan’s Via Montenapoleone overtook New York’s Upper 5th Avenue as the world’s most expensive retail destination.
- The report reflects the enduring importance of prime retail spaces in key shopping districts like Khan Market.
