NEW DELHI-Monthly rents for retail space in Delhi\u2019s upscale Khan Market rose 9 per cent year-on-year in the first quarter of FY27 as demand strengthened amid constrained supply, according to a report by real estate services firm Cushman & Wakefield.<\/p>\n
The report said asking rents in Khan Market stood at Rs 1,700-1,800 per square foot during the quarter, maintaining its position as India\u2019s most expensive high street.<\/p>\n
Rents across major high-street locations in the Delhi-National Capital Region rose between 2 per cent and 10 per cent, with Kamla Nagar the only market to remain flat.<\/p>\n
\u201cMajor 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,\u201d the Cushman & Wakefield report said.<\/p>\n
South Extension I and II recorded the highest annual rental growth, rising 10 per cent to Rs 850-900 per square foot.<\/p>\n
Connaught Place\u2019s Inner Circle saw rents increase 2 per cent to Rs 1,250-1,300 per square foot, while Gurugram\u2019s Galleria Market recorded a 4 per cent rise to Rs 1,250-1,350 per square foot.<\/p>\n
Greater Kailash-I\u2019s M Block posted a 2 per cent increase to Rs 490-510 per square foot per month, while Karol Bagh saw rents rise 2 per cent to Rs 415-425 per square foot.<\/p>\n
Lajpat Nagar rents stood at Rs 300-320 per square foot per month, up 3 per cent annually, while Rajouri Garden recorded a 2 per cent increase to Rs 260-270 per square foot.<\/p>\n
The report also said leasing of retail space across shopping malls and major high streets in Delhi-NCR more than doubled year-on-year to 0.67 million square feet during the quarter. Shopping malls accounted for 63 per cent of the leasing volume, while main streets contributed the remaining 37 per cent. (IANS)<\/p>\n","protected":false},"excerpt":{"rendered":"NEW DELHI-Monthly rents for retail space in Delhi\u2019s upscale Khan Market rose 9 per cent year-on-year in the…\n","protected":false},"author":2,"featured_media":769291,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-769290","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/769290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=769290"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/769290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/769291"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=769290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=769290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=769290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}