Khan Market continues to shine on the global retail map, and the latest report confirms that Khan market stays India’s most expensive retail street. It now ranks 22nd worldwide, showing how strongly it holds its position among the world’s top shopping destinations. Experts note that rents in prime corners of this market can climb above ₹2,200 per sq ft per month, depending on visibility, footfall, and placement.
According to a new Cushman & Wakefield study, London’s New Bond Street has taken the top global spot, beating well-known luxury hubs like Via Montenapoleone in Milan and Upper Fifth Avenue in New York. Moreover, the report showed that 58% of global retail streets recorded rising rents, proving that demand for premium retail spaces is much higher than the available supply.
The study, titled “Main Streets Across the World,” also revealed trends in Asia Pacific. While rental growth slowed slightly from 2.8% in 2024 to 2.1% in 2025, India stood out with stronger numbers. Cities like Gurugram and Delhi reported some of the highest growth rates in the region.
Gurugram’s Galleria Market posted a 25% surge in rents and secured the 26th global rank. Connaught Place in Delhi saw a 14% increase, also placing it 26th. Meanwhile, Mumbai’s Kemps Corner grew by 10%, ranking 34th. As a whole, rental growth across 16 Indian cities averaged around 6% year-on-year, showing strong appetite for top-tier high-street retail.
On the other hand, Anna Nagar 2nd Avenue in Chennai is the most affordable main street in Asia Pacific. Its rent is only $25 per sq ft per year. This difference shows how wide India’s retail pricing range can be.
Gautam Saraf, Executive Managing Director of Cushman & Wakefield in Mumbai, said India’s high streets are getting stronger. Rising incomes and new shopping habits attract both global and Indian brands. Limited mall development has also pushed many retailers toward high streets.
Because of these changes, more than half of India’s retail leasing in 2025 happened on high streets. This shift shows a growing demand for premium shopping areas where retailers can meet customers directly.
Globally, rental markets showed mixed trends. The Americas had the highest rental growth at 7.9%, partly due to currency changes in South America. Europe saw steady growth at 4%, with London and Budapest performing well. In the Asia Pacific, India and Japan led growth, while Greater China and Southeast Asia slowed because of economic challenges.
Japan’s Ginza and Omotesando recorded strong rent hikes of 10% and 13%. In contrast, Hong Kong’s Tsim Sha Tsui saw a 6% drop. Sydney’s Pitt Street Mall in Australia grew by 4% after several slow years.
In conclusion, Khan market stays India’s most expensive retail street, and its global ranking shows how quickly India’s retail landscape is evolving. With demand rising and high streets becoming prime targets for local and international brands, India continues to strengthen its position in the Asia Pacific retail market.
