Retail space rent in Delhi's Khan market rises 9pc annually in Apr-Jun: C&W
Retail rents in Khan Market, Delhi, have soared by nine percent annually, reflecting a robust retail sector. Notable areas like Galleria Market and Connaught Place recorded increases of four and two percent respectively. Meanwhile, South Extension...
By PTI |
Monthly rent for retail spaces in Delhi's upscale Khan Market rose 9 per cent annually in April-June quarter because of better demand amid supply constraints, according to Cushman & Wakefield.
Real estate consultant Cushman & Wakefield data showed that the monthly rent of major high street locations across Delhi-NCR rose in a range of 2-10 per cent, except Kamla Nagar market where rentals remained flat.
The monthly rent in Khan Market stood at Rs 1,700-1,800 per sq ft during April-June period of 2026, an increase of 9 per cent year-on-year.
Khan Market is the most expensive high-street location in India.
"Major main street rentals across Delhi NCR witnessed growth compared to last year. Khan Market witnessed 9 per cent year-on-year growth, while Galleria Market (Gurugram) and Connaught Place have seen annual rental increases of 4 per cent and 2 per cent, respectively," the report said.
Rentals in South Extension I & II witnessed the sharpest year-on-year growth of 10 per cent, it added.
As per the data, the monthly rent in Connaught Place (Inner Circle) rose 2 per cent during April-June 2026 to Rs 1,250-1,300 per square feet as against a year-ago period.
Monthly rentals in South Extension grew maximum at 10 per cent to Rs 850-900 per sq ft.
Main street rentals in Galleria Market (Gurugram) grew 4 per cent to Rs 1,250- 1,350 per sq ft per month.
Rents at Kamla Nagar in Delhi remained flat at Rs 490-510 per square feet.
Delhi's Greater Kailash-I, M Block, witnessed a 2 per cent increase to Rs 490-510 per square ft per month.
In Karol Bagh, Delhi, the monthly rent rose 2 per cent to Rs 415-425 per square foot. Rent in Delhi's Lajpat Nagar stood at Rs 300-320 per square foot a month, up 3 per cent annually.
Rajouri Garden saw a 2 per cent increase in monthly rent to Rs 260-270 per square foot.
A 4 per cent increase in rent was recorded in Punjabi Bagh, Delhi to Rs 275-285 per square feet a month.
Noida's Sector 18 posted a growth of 5 per cent in rent to Rs 210-230 per sq ft.
In Gurugram Sector 29, the monthly rent rose 3 per cent annually to Rs 180-200 per square feet during the April-June period of this year.
Cushman & Wakefield said the asking rent is based on the carpet area of ground floor vanilla stores.
According to Cushman & Wakefield, the leasing of retail spaces in shopping malls and major high-streets across Delhi-NCR more than doubled to 0.67 million sq ft during April-June from 0.30 million sq ft in the year-ago period. Malls secured 63 per cent of the quarterly leasing volume,while Main Streets accounted for 37 per cent.
In Delhi-NCR, the leasing of retail spaces stood at 2.25 million square feet during the 2025 calendar year - the highest since 2019 - registering a 83 per cent growth as compared to the preceding year.
Main streets accounted for 55 per cent of annual leasing, while malls witnessed 45 per cent of total space take-up.
Real estate consultant Cushman & Wakefield data showed that the monthly rent of major high street locations across Delhi-NCR rose in a range of 2-10 per cent, except Kamla Nagar market where rentals remained flat.
The monthly rent in Khan Market stood at Rs 1,700-1,800 per sq ft during April-June period of 2026, an increase of 9 per cent year-on-year.
Khan Market is the most expensive high-street location in India.
"Major main street rentals across Delhi NCR witnessed growth compared to last year. Khan Market witnessed 9 per cent year-on-year growth, while Galleria Market (Gurugram) and Connaught Place have seen annual rental increases of 4 per cent and 2 per cent, respectively," the report said.
Rentals in South Extension I & II witnessed the sharpest year-on-year growth of 10 per cent, it added.
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As per the data, the monthly rent in Connaught Place (Inner Circle) rose 2 per cent during April-June 2026 to Rs 1,250-1,300 per square feet as against a year-ago period.
Monthly rentals in South Extension grew maximum at 10 per cent to Rs 850-900 per sq ft.
Main street rentals in Galleria Market (Gurugram) grew 4 per cent to Rs 1,250- 1,350 per sq ft per month.
Rents at Kamla Nagar in Delhi remained flat at Rs 490-510 per square feet.
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Delhi's Greater Kailash-I, M Block, witnessed a 2 per cent increase to Rs 490-510 per square ft per month.
In Karol Bagh, Delhi, the monthly rent rose 2 per cent to Rs 415-425 per square foot. Rent in Delhi's Lajpat Nagar stood at Rs 300-320 per square foot a month, up 3 per cent annually.
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Rajouri Garden saw a 2 per cent increase in monthly rent to Rs 260-270 per square foot.
A 4 per cent increase in rent was recorded in Punjabi Bagh, Delhi to Rs 275-285 per square feet a month.
Noida's Sector 18 posted a growth of 5 per cent in rent to Rs 210-230 per sq ft.
In Gurugram Sector 29, the monthly rent rose 3 per cent annually to Rs 180-200 per square feet during the April-June period of this year.
Cushman & Wakefield said the asking rent is based on the carpet area of ground floor vanilla stores.
According to Cushman & Wakefield, the leasing of retail spaces in shopping malls and major high-streets across Delhi-NCR more than doubled to 0.67 million sq ft during April-June from 0.30 million sq ft in the year-ago period. Malls secured 63 per cent of the quarterly leasing volume,while Main Streets accounted for 37 per cent.
In Delhi-NCR, the leasing of retail spaces stood at 2.25 million square feet during the 2025 calendar year - the highest since 2019 - registering a 83 per cent growth as compared to the preceding year.
Main streets accounted for 55 per cent of annual leasing, while malls witnessed 45 per cent of total space take-up.
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