Khan market most expensive retail location in India
New Delhi: The most expensive retail location in India is the Khan Market in New Delhi. The information comes from the report by global real estate services firm Cushman & Wakefield.
“Khan Market is the most expensive market in India since five years, as demand for retail space has remained steady owing to its upscale location and current occupier profile,” the report noted, ranking the posh shopping place at the top.
With Rs.1,250 ($19) per sq ft rental, Khan Market is followed by Connaught Place in the city centre at Rs.850 per sq ft and DLF Galleria at Gurgaon in Haryana and South Extension in south Delhi at Rs.750 per sq ft.
“Moving two positions up to 24th worldwide and 10th in the Asia Pacific region, Khan Market is centrally located in the national capital, flanked by high-end residential catchment area, with many global and national brands’ stores in its vicinity,” the report on ‘Main streets across the world’ pointed out.
