New Delhi: The Delhi-NCR retail market is reaching newer heights, and the prime high streets saw a significant increase in rental values during 2025. In its latest report, global property consultant firm Cushman & Wakefield has revealed that Delhi’s famous Khan Market has managed to retain its position as India’s most expensive retail destination and has achieved the 24th position globally on the list for rental values.
Rental Hierarchy: Top Retailers
According to the latest report, the Delhi-NCR high streets saw a steady rise in rental values for the most sought-after commercial destinations. Khan Market has managed to retain its position as the most expensive retail hub, with rentals increasing by 8% year on year to touch Rs 1,700 to Rs 1,800 per sq ft.
Other prominent high streets are not far behind:
| Location | Annual Rental Growth | Monthly Rent (per sq ft) |
| Khan Market | 8% | Rs 1,700 – Rs 1,800 |
| Galleria Market (Gurugram) | 14% | Rs 1,150 – Rs 1,250 |
| Connaught Place (Inner Circle) | 4% | Rs 1,150 – Rs 1,250 |
Strategic Location for Global Brands
The sustained growth is a result of a unique combination of high levels of consumer affluence and a lack of new high-quality mall supply. Retailers, both domestic and international, are increasingly recognizing the importance of high streets to their brand engagement strategies.
In a statement, Gautam Saraf, the Executive Managing Director at Cushman & Wakefield, stated that “India’s high streets are showing exceptional resilience.” He further added that high streets are transforming into a hub of strategic importance, serving a market segment with increasing levels of disposable income and a preference for premium retail experiences.
As we look forward to further into 2026, the lack of available storefronts in these “trophy locations” indicates that the premium for high streets in Delhi-NCR is unlikely to abate soon.
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