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Delhi’s upscale Khan market has moved up four positions to become the world’s 24th most expensive retail location even as it continues to be the costliest to hire a shop in India, according to Cushman and Wakefield report.
Monthly rentals at Khan market stood stable at Rs 1,250 per sq ft in the past one year, but still, its ranking improved. In the 2016 report, it was placed 28th.
“Delhi’s Khan market has emerged as the most expensive retail location in India and has clinched the 24th position in global rankings,” the consultant said.
The rise of Khan market in the global rankings since 2016 is because of a drop in rentals in some key global markets, it added.
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