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Top 10 Most Expensive High Streets successful India 2024: Delhi's Khan Market has reclaimed its presumption arsenic India's astir costly retail precocious thoroughfare and ranks 22nd globally successful 2024. (image: Adventures Of Jellie)
Top 10 India’s costliest retail streets: Around the world, precocious streets are taste and economical powerhouses that lend to the distinctive individuality of the cities they serve.
Despite economical challenges successful caller years, main streets person displayed exceptional resilience, with header rents astir the satellite subsequently rising to pre-pandemic levels.
While rents globally look to person climbed up by 4.4% connected mean during the past year, maturation successful Asia Pacific dropped from 5.3% to 4.2% conversely.
Nonetheless, India, the world’s fifth-biggest economy, was the strongest planetary state this year, arsenic seen by its awesome rental maturation performance, according to caller Cushman & Wakefield research.
As retailers successful India proceed to people premier locations for their strategical value and imaginable for lawsuit attraction, the caller Cushman & Wakefield study shares the astir costly rental precocious streets successful India arsenic of 2024.
Top 10 astir costly precocious streets successful India, arsenic of 2024:
Retail is 1 of the large contributors to India’s GDP (over 10%) and employment, with India presently among the apical 5 retail markets and projected to go the world’s third-largest user marketplace by 2030.
Notably, Delhi’s Khan Market continues to beryllium India’s astir costly main street, retaining its presumption and registering 7 per cent YOY (year-on-year) rental growth, according to the report.
Connaught Place, popularly referred to arsenic CP, is besides 1 of the second-most costly successful India and the 29th planetary precocious thoroughfare successful India arsenic of 2024.
In different singular mention, Bengaluru’s Indiranagar 100 Feet Road has experienced the highest rental maturation year-over-year astatine +32% successful 2024, portion successful contrast, Chennai’s Anna Nagar, 2nd Avenue, is the astir affordable main thoroughfare determination globally.
The Cushman & Wakefield study indicates that rental prices person experienced an mean YOY maturation of 9% crossed 16 locations successful India; present are the apical 10 astir costly main streets successful India arsenic of 2024.
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