Delhi's Khan Market Ranks as 22nd Most Expensive Main Street Globally

New Delhi:  Delhi's Khan Market has been ranked as 22nd most expensive main street globally, retaining its position and continuing to be India's most expensive high street, registering a 7 per cent (year-on-year) rental growth, according to a report on Thursday.

According to a Cushman & Wakefield report, which focuses on rents in 138 urban and luxury retail locations across globe, Khan Market has rents at $229 per square foot annually (about ₹ 19,330).

Interestingly, Delhi-NCR now hosts India's top three most expensive retail high streets. Alongside Khan Market, Connaught Place (Delhi) and Galleria Market (Gurgaon) also feature prominently in APAC rankings, with rentals of $158 (Rs 13,335) and $156 (Rs 13,166) per square foot annually.

Bengaluru's Indiranagar saw strongest rental growth market in Asia-Pacific region, while Anna Nagar in Chennai as most affordable in region, report mentioned.

“Khan Market's position among world's top retail destinations underscores resilience and strength of India's retail sector. Known for its curated mix of premium brands and upscale boutiques, Khan Market attracts affluent shoppers, solidifying its reputation as a high-end retail hotspot,” said Saurabh Shatdal, Managing Director, Capital Markets and He-Retail-India, Cushman & Wakefield.

limited availability of retail space in area creates intense competition, pushing rental values higher.