Khan market in Delhi ranked 22nd most expensive high street globally, with two other Delhi-NCR markets joining the list

Khan Market in Delhi is a high-end shopping hub where the city's elite tend to frequent. While Delhi University students can be found all over the city, you won't see many wandering around this posh area. It’s no surprise—Khan Market is not only the most expensive shopping street in India but also ranks as the 22nd most expensive globally.

Khan Market in Delhi has secured its place as one of the world's most expensive retail streets, ranking 22nd globally while holding its title as India's priciest high street.?

According to the latest Cushman & Wakefield report, rental rates at this iconic market are pegged at $229 per square foot annually (about Rs 19,330), showing a steady 7% growth year-over-year.

Notably, Delhi-NCR now boasts three of India's top high streets in terms of rental prices, with Connaught Place and Galleria Market in Gurgaon also making waves.?

They are priced at $158 (Rs 13,348) and $156 (Rs 13,181) per square foot annually, respectively.?

Meanwhile, Indiranagar in Bengaluru has seen the highest rental growth in the Asia-Pacific region, while Anna Nagar in Chennai remains the most affordable.

The prime positioning of Khan Market underscores the vitality of India's retail sector, with its blend of luxury brands and exclusive boutiques drawing affluent customers.?

"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 at Cushman & Wakefield.

With retail space in high demand and supply constrained, India's main streets continue to outperform, with leasing activity up 11% year-on-year.?

Globally, Milan’s Via Montenapoleone has taken the top spot for the most expensive retail street, surpassing New York's Upper 5th Avenue.?

As demand for premium shopping areas remains high, India’s retail market is set for continued growth, making places like Khan Market ever more coveted for global brands.

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