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Khan Market was 23rd most expensive retail location globally in last year's ranking. Nevertheless, Khan Market remains India's most expensive high street.
Chennai’s Anna Nagar, Mumbai’s Fort area, Connaught Place in New Delhi, Gurgaon’s Galleria market, and Kolkata’s Park Street, were ranked as the other high-end retail sites in India, by Cushman & Wakefield.
Delhi-NCR now hosts India’s top three most expensive retail high streets which include Khan Market, Connaught Place and Galleria Market (Gurgaon). Anna Nagar in Chennai is the most affordable high-street market in the APAC region.
Around three decades ago, Nizamuddin Basti’s image started degrading – from a cultural hub to a Muslim ghetto, discouraging visitors and encouraging criminals
During verification, police said, they found that the four officials of Matrix firm, now released on Bail, were allegedly selling the equipment through a portal named X-Factor, which has a logo of Matrix Cellular Services and sells a range of COVID-19 products.
96 oxygen concentrators were recovered from Khan Chacha Restaurant and nine were seized from Town Hall restaurant, both situated in the Khan Market area.
Rentals in high street shopping areas such as Khan Market in Delhi and Kala Ghoda in Mumbai have dipped sharply after the second wave of COVID swept the country.
60% of high streets in Asia Pacific saw rentals decline in 2020, says a report by Cushman & Wakefield
Stringent social-distancing norms, rising infections and failed rent negotiations see businesses exit India's most expensive retail location.
Monthly rentals at Khan market stood stable at Rs 1,250 per sq ft in the past one year, but still its ranking improved. In the 2016 report, it was placed 28th.
"CAIT has shot up a communication to Actor Salman Khan urging him to withdraw the name of Khan Market from his web portal 'khanmarketonline.com' which he has announced on his birthday on December 27, 2015," the traders' body said a press release.
According to Harish Salve, one should agree in advance that if one overstays, they will pay for damages on the basis of market rate of the property as fixed in the ready reckoner which will save the landlord from running around getting valuation reports, putting expert witnesses.
