Khan Market is one of Delhi’s most bustling hotspots. For years and decades, this commerce hub has been a prominent part of the capital city. Now, it has broken all records and achieved significant recognition. Delhi’s Khan Market is now the most expensive street in the entire country. In addition, this busy market in the heart of the city made its name on a prestigious global list.
Delhi’s Khan Market Becomes The Most Expensive Main Street In India
This renowned market continues to establish its name as one of the city’s leading places. This time, Delhi’s Khan Market enlisted its name on the global list of the most expensive main streets. The names have been revealed in the Main Streets Across the World report by Cushman & Wakefield. With this, the famous hotspot became India’s most expensive retail destination.
This year’s report showcases Khan Market’s strength and how it successfully entered the list again. Cushman & Wakefield’s recent Main Streets Across the World report shared its 34th edition this time. The report highlights headline rents in 138 retail destinations from different parts of the world. Many of these retail locations are associated with the luxury industry.
According to the report, Khan Market in Delhi reported a noticeable year-on-year rental growth of 7 per cent. In addition, it features rents of USD 229 (approx. ₹19,347.71) per square foot annually. Like previous years, this famous retail hotspot continues to show its proficiency nationwide and worldwide and holds its position on the global list of the most expensive main streets.
More About The Recently Released Global Report
Saurabh Shatdal, Managing Director, Capital Markets and Retail-India Head at Cushman & Wakefield, expressed his thoughts about Khan Market’s inclusion in this report and how it proficiently represents spectacular growth and performances. This Indian retail hotspot highlights India’s retail sector’s spirit and resilience.
This important main street is home to high-end brand retail stores. The overall space is limited to fulfil the insane demand, which leads an epic competition and surges rental costs as well.
Also read: Delhi Khan Market Guide: Here Is Where You Can Eat And Shop
Have you visited Khan Market to explore the stores and shop your heart out?
Cover Image Courtesy: Wikimedia Commons
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