Can Delhi’s upscale Retail Market – Khan Market [Image taken during Diwali, on your left] beat India’s hottest Retail Destination – Bangalore Central Business District of Commissariat Road, Residency Road and Margrath Road ?
Khan Market is the 16th most expensive retail high street globally, according to Cushman & Wakefield. It ranks higher than Moscow, Beijing, Toronto, Kuala Lampur and Amsterdam. It is also the biggest riser among the world’s most expensive shopping locations in terms of retail rentals.
This is mostly due to lack of space in upscale locations. In contract, China has more construction of retail outlets and thus retail chains accounting for much larger share of total sales. Will Khan Market be able to beat Bangalore’s Central Business District in Retail Sales Value ? Or will UB City, Bangalore beat Khan Market in Premium and Luxury Retailing pushing the rentals through the sky ?