Delhi-NCR's Prime Retail Markets, Including Khan Market and Galleria, See Significant Rental Growth
Prime high street retail rents across Delhi-NCR surged in 2025, with India's most expensive, Khan Market, seeing an 8% rise. Gurugram's Galleria Market also experienced a 14% increase, as reported by Cushman. This significant growth is fueled by retailers' demand for high-visibility locations with consistent footfall. The food and beverage and fashion sectors are key drivers behind this upward trend, indicating a robust retail real estate market in the region.
According to a report by Cushman, prime high street retail spaces in Delhi-NCR witnessed substantial rental growth in 2025, underscoring a buoyant real estate market in the region. Khan Market, renowned as India's most expensive retail destination, experienced a notable 8% increase in rental rates. This surge reflects the market's enduring appeal to premium brands and retailers. Similarly, Gurugram's Galleria Market also recorded significant growth, with a reported 14% rise in rentals, further highlighting the strong demand in key commercial hubs outside of central Delhi. Other prominent locations like Connaught Place also reported upward trends in their rental values.The primary impetus behind this robust rental appreciation is the intense competition among retailers for high-visibility locations that guarantee consistent customer footfall. Businesses are increasingly prioritizing strategic spots to enhance brand presence and capture a larger market share. The demand from specific sectors, particularly food and beverage (F&B) and fashion brands, has been identified as a critical factor. These industries are actively seeking prime retail real estate to expand their operations, launch new outlets, and capitalize on the growing consumer spending power in the Delhi-NCR metropolitan area. The sustained interest from these sectors suggests a positive outlook for the retail real estate segment, driven by both established and emerging brands vying for lucrative commercial spaces.