This Gurgaon market logged the biggest rent surge in Asia-Pacific this year, leaves behind Khan Market, Connaught Place

Gurgaon’s Galleria Market witnessed the maximum rental surge at 25% this year across APAC, leaving behind India’s priciest retail address, Khan Market, which saw rents edge up only 3%, as per the latest report by Cushman & Wakefield.

Galleria Market climbed to 26th place in APAC in 2025, up from 31st last year, with rents rising to $169 per sq ft a year (EUR 1,550 per sq m). Meanwhile, Delhi's Connaught Place ranked 26th this year, with rents rising 14% to $169 per sq ft annually.

Globally, Khan Market held onto its No 24 slot, still India’s costliest high street, while London’s New Bond Street topped as the world’s most expensive retail strip, outpacing Milan’s Via Montenapoleone and New York’s Upper Fifth Avenue.


London’s New Bond Street has taken the top spot as the world’s costliest retail location for the first time, with rents climbing 22% over the past year to USD 2,231 per sq ft annually. It has moved ahead of Milan’s Via Montenapoleone at USD 2,179 per sq ft — which led the global list last year — and New York’s Upper Fifth Avenue at USD 2,000 per sq ft.

The report focuses on headline rents in best-in-class urban locations across the world, many of which are linked to the luxury sector, utilising Cushman & Wakefield’s proprietary data. The global index ranks the most expensive main street in each market.

”India’s high streets are demonstrating exceptional resilience and growing global prominence. Premium destinations like Khan Market, Connaught Place, and Galleria Market are attracting international and domestic brands, driven by rising affluence and evolving consumer preferences. With limited mall supply, these high streets have become strategic hubs for retailers seeking visibility and engagement,” said Gautam Saraf, Executive Managing Director, Mumbai & New Business, Cushman & Wakefie ..

Year-to-date, high streets have accounted for over half of retail leasing activity, underscoring their critical role in shaping India’s retail evolution.

India’s retail sector has outperformed both the global and APAC averages, registering a 6% YoY rental growth.