Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
Retail rentals across Delhi-NCR’s prime high streets continued to move upward during the April-June quarter of 2026, supported by healthy leasing demand and limited availability of quality retail space. According to Cushman & Wakefield, Khan Market remained India's costliest high street, recording a 9 per cent annual rise in rents. South Extension saw the highest rental growth at 10 per cent, while several other key retail hubs also witnessed moderate increases. The consultancy also reported that retail leasing activity across Delhi-NCR more than doubled during the quarter, reflecting sustained demand from retailers.
Monthly rentals for retail spaces in Delhi-NCR's major high streets continued to increase during the April-June quarter of 2026, led by strong occupier demand and constrained supply of premium retail space. According to real estate consultancy Cushman & Wakefield, Khan Market, India's most expensive high street retail destination, recorded a 9 per cent year-on-year increase in rentals during the quarter.
The consultancy's latest market data showed that monthly rentals across prominent high street locations in Delhi-NCR increased between 2 per cent and 10 per cent compared with the corresponding period last year. Kamla Nagar was the only major market where rentals remained unchanged.
Monthly rentals in Khan Market reached INR 1,700-1,800 per square foot during the April-June quarter of 2026, reflecting a 9 per cent annual increase. The consultancy said the growth was driven by continued demand for premium retail space despite limited supply.
According to Cushman & Wakefield, major high street markets across Delhi-NCR registered rental growth over the past year. It stated that Khan Market witnessed a 9 per cent year-on-year increase, while Galleria Market in Gurugram and Connaught Place recorded annual rental growth of 4 per cent and 2 per cent, respectively. The consultancy further noted that South Extension I and II registered the highest rental growth among the tracked markets at 10 per cent.
Connaught Place's Inner Circle reported monthly rentals of INR 1,250-1,300 per square foot, up 2 per cent from the same period last year.
South Extension I and II recorded the sharpest annual increase, with rentals rising 10 per cent to INR 850-900 per square foot per month.
In Gurugram's Galleria Market, monthly rentals increased 4 per cent to INR 1,250-1,350 per square foot.
Rentals in Kamla Nagar remained stable at INR 490-510 per square foot, making it the only major high street in the region where rental values did not increase during the quarter.
Greater Kailash-I's M Block registered a 2 per cent annual increase, with monthly rentals reaching INR 490-510 per square foot.
Karol Bagh witnessed a 2 per cent rise in rentals to INR 415-425 per square foot, while Lajpat Nagar recorded a 3 per cent increase to INR 300-320 per square foot per month.
Rajouri Garden saw rentals climb 2 per cent to INR 260-270 per square foot, while Punjabi Bagh recorded a relatively stronger 4 per cent annual increase, with monthly rentals reaching INR 275-285 per square foot.
Outside Delhi, Noida's Sector 18 registered a 5 per cent increase in monthly rentals to INR 210-230 per square foot. Gurugram's Sector 29 also recorded steady growth, with rentals rising 3 per cent year-on-year to INR 180-200 per square foot.
Cushman & Wakefield clarified that the rental values are based on the asking rent for the carpet area of ground-floor vanilla retail stores.
The consultancy also reported a sharp increase in retail leasing activity across Delhi-NCR during the quarter. Leasing of retail spaces in shopping malls and major high streets more than doubled to 0.67 million square feet from 0.30 million square feet in the corresponding period last year.
Shopping malls accounted for 63 per cent of the quarterly leasing volume, while high streets contributed the remaining 37 per cent, indicating that both organised retail centres and established shopping corridors continued to attract retailer interest.
The strong quarterly performance follows robust momentum recorded during the previous calendar year. Delhi-NCR witnessed retail leasing of 2.25 million square feet in 2025, the highest annual leasing volume since 2019 and an 83 per cent increase over the preceding year. During that period, high streets accounted for 55 per cent of total leasing activity, while shopping malls contributed the remaining 45 per cent, highlighting sustained demand for retail space across multiple formats.
Source PTI
Advertisement
Facebook
Whatsapp
