Delhi’s Khan market, which has recently been classified among the 50 most expensive retail streets globally and took 22nd position, is also one of the most premium retail markets in the country. Under the report ‘Main Streets Across the Globe’ by C & W, Khan Market has become the best among the retail markets across India with its annual rent of $229 per square foot which translates to Rs 19,330 and this is a 7% Quarterly year on year growth.

Who owns Khan Market?

The Khan Market belongs to Indian Government of India with most of the shops relying on leases for their operations. The monthly rent was first set at Rs 50 in the 1960s, prices then surged in 1956, after the Ministry of Rehabilitation set a price of Rs 6516 to be charged when giving out shops.

Right now, as per reports, majority of the shops in the luxury market payover of Rs 6 lakh as their monthly expenses.

“Where was Khan Market built and by who?” *Also the question that comes deepest from my soul.

What existed post for years alongside its establishment in the year 1951, does attribute its fame to Abdul Jabbar Khan, however greatly owing to his effort of ferrying Hindus safely to India during the partition of 1947. The Indian Freedom Fighter and Rescuer Khan Market to it was set out to Khan Market along the Lutyens, marking the fame and depth it needed within the capital.  

Khan Market is supposed to have an average spanning growth in rental slipped alongside a promising 4.4 % ranging increase. “Khan Market does seem to have gone along the trend with an impressive 7 percent acceleration”, as noted in a report. However with the boasting amount of 79 along 138 of the locations surveyed, Khan Market surely gained the upper hand. And along retaining intense competition.  

“It’s very much safe to remain that Khan Market has gone alongside its fame of attracting the richest of the rich out there with its fine tuned high level catering they leverage”, noted Saurabh Shatdal Chairman alongside debating heads within the marketing sector.  

“It gets tough to find retail space after the steep rise of demand with boosted values of rentals Had it been altered, it wouldn't be hard to find a premium brand boutique in the centre”.

India’s main streets booming while malls are diminishing. Saurabh Shatdal argued that though all India’s primary streets have already been occupied by shopping malls, there is still a supply-constrained development. “This is driven by robust demand and strong rental growth. As of YTD 2024, main streets have recorded leasing of 3.8 msf, marking 11 per cent year-on-year growth.” India's growth expansion index is expected to post a solid performance ranging between 9-11% year on year. Shifting the focus to the Asia Pacific region, Indiranagar grew to become the strongest rental growth market in Bangalore while Anna Nagar in Chenai was claimed to be the lowest renting retail street. The retail space worldwide has been changing rapidly, With the trend of uk via Mote-neon extending to the lay of the fifth avenue in New York, it has constructed a reputation that it is the most expensive retail space in the world. For the first time EU street has ranked first in the list of top performers. In the meanwhile, via monte-poleone rents have increased by nearly one third over the past two years, which further supports its reputation as a luxury shopping destination. Shatdal said ,'' In the case of India, infrastructure and economic growth keeps up with the evolving needs and Indian consumers with intricate preferences that the the super prime retail spaces around the globe are an ever integral part of their marketting strategies Khan Market and many other places still irrefutably notable even today. And thus the prospects are healthy for the nascent retail in India.''