Rocketing rentals: India’s 4 costliest markets in Delhi
At a whopping rental of Rs 950 per sq ft, Delhi’s Khan Market has emerged as the country’s most expensive retail location. Freeze on property rates
By Prabhakar Sinha, TNN |
NEW DELHI: At a whopping rental of Rs 950 per sq ft, Delhi’s Khan Market has emerged as the country’s most expensive retail location, far ahead of its pricey Mumbai counterparts. To top that, it is also the 16th most expensive shopping location in the world.
The top four expensive locations in India are Khan Market, Connaught Place, South Extension and Greater Kailash, according to a report — Main Streets Across the World — by global real estate consultancy firm Cushman and Wakefield. These are followed by Mumbai’s Linking Road, Kemps Corner and Colaba Causeway.
Khan Market, whose rentals have gone up by 35.7% from Rs 700 per sq ft per month in 2006 to Rs 950 in the quarter ended June 2007, became the 16th most expensive shopping location in the world — ahead of Tverskaya in Moscow and Wanfujing in Beijing. That’s a jump of eight places for the market that ranked 24th on the list in 2006. In India, it continues to be the most expensive market.
SIZZLING CAPITAL
Delhi’s Khan Market, CP, South Ex and GK are the top 4 most expensive retail locations in India. Khan Market is now 16th costliest shopping location in the world in terms of rentals. CP, with 87.5% increase over last year, registered the highest rise in rentals anywhere in India.
The top four expensive locations in India are Khan Market, Connaught Place, South Extension and Greater Kailash, according to a report — Main Streets Across the World — by global real estate consultancy firm Cushman and Wakefield. These are followed by Mumbai’s Linking Road, Kemps Corner and Colaba Causeway.
Khan Market, whose rentals have gone up by 35.7% from Rs 700 per sq ft per month in 2006 to Rs 950 in the quarter ended June 2007, became the 16th most expensive shopping location in the world — ahead of Tverskaya in Moscow and Wanfujing in Beijing. That’s a jump of eight places for the market that ranked 24th on the list in 2006. In India, it continues to be the most expensive market.
SIZZLING CAPITAL
Delhi’s Khan Market, CP, South Ex and GK are the top 4 most expensive retail locations in India. Khan Market is now 16th costliest shopping location in the world in terms of rentals. CP, with 87.5% increase over last year, registered the highest rise in rentals anywhere in India.
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