Despite demonetization, Indian retail market keeps on expanding at a fast pace. Here are the top 10 most expensive retail locations in India in 2016:
1) While Khan Market New Delhi
While Khan Market has moved down 2 spots on its global retail ranking to become the world’s 28th most expensive retail location globally, Khan Market tops the most expensive retail location in India with 1,250 sq.ft/ year.
2) Connaught Place
Connaught Place is easily one of the most sought after and most costly retail locations in India and according to the report it takes the number two place on the most expensive retail locations in India with 850sq.ft/ year.
3) DLF Galleria, Gurgaon
Of these top three markets, only DLF Galleria Gurgaon recorded a year-on-year growth in rentals that go up to 800sq.ft/ year.
4) Linking Road, Mumbai
The main streets of Linking Road and Fort in Mumbai continue to witness strong demand. Linking Road in Mumbai is ranked as the 4th most expensive main street in India, with rentals of INR 760sq.ft/ year.
5) South Extension, New Delhi
Delhi’s South Extension saw a dip in rentals of about 6.7% from last year. With rentals in the market now at 700sq.ft/ year, it still makes for one of the most important shopping locations in the country.
6) Colaba Causeway, Mumbai
Apart from Linking Road, Colaba Causeway is ranked high on the India Index and recorded an increase of 4.2% with rentals of INR 625/ sq.ft/ year.
7) Park Street, Kolkata
Kolkata’s Park Street also made to the top ten list of most expensive rental locations in the country with 500sq.ft/year rental despite stagnant rental values.
8) Greater Kailash I, New Delhi
Famously known as GK 1 market, Greater Kailash market saw a huge dip in the rentals by 16.4% with rentals coming down to 460sq.ft / year.
9) Camac Street, Kolkata
Located in the central business district of India, rentals at Camac street go as high as 450sq.ft / year but the retail location hasn’t seen much growth in the rentals for sometime.
10) Kemps Corner, Mumbai
Kemp Corner’s rent saw no growth from last year, continues to be quite popular among the shoppers with 425sq.ft a year.
(Source: Business Insider)