Delhi’s Khan Market India’s most expensive retail location

Khan Market in New Delhi ranks 24th globally, maintaining its position as India’s most expensive retail location with rents at $223 per square foot (psf) per year -- up 3 per cent year-on-year, according to a report Wednesday.

- INDO-ASIAN NEWS SERVICE

While its global ranking slipped slightly from 23rd to 24th, Khan Market remains India’s most expensive high street, reflecting resilience and enduring appeal amid a competitive global landscape, said Cushman & Wakefield’s 35th edition of its retail report, ‘Main Streets Across the World.’

Notably, India’s retail sector has outperformed both the global and APAC averages, registering a 6 per cent rental growth (on-year).

London’s New Bond Street has been crowned the world’s most expensive retail destination for the first time, where rents have risen by 22 per cent in the past year to $2,231 per square foot per year.