The Economic Times reports that Khan Market in New Delhi is the most expensive retail location in the country. Cushman & Wakefield’s study 'Main Streets accross the World 2006' on retail rates on high street locations has brought some interesting findings. According to Sanjay Dutt, of Cushman & Wakefield, as branded companies are looking for quality space that has high conversion rates from footfalls, rates in high street locations such as Khan Market and South Extension in Delhi and Linking Road in Mumbai are increasing.
Khan Market is placed at 24 on the global list and is the top location in India, compared to Mumbai’s Linking Road which stood at 41 last year. New York’s Fifth Avenue was in the top position, followed by Causeway Bay in Hong Kong and Avenue des Champs Elysees of Paris in the third position.
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