Kala Ghoda city New Delhi India city Mumbai city Delhi covid-19 2020 pandemic Kala Ghoda city New Delhi India city Mumbai city Delhi

Rent in Delhi's Khan market drops 8-17% in Jan-Mar due to COVID-19 pandemic

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NEW DELHI : Delhi's prime retail market Khan Market witnessed an 8-17 per cent decline in monthly rentals during January-March compared with the year-ago period, according to property consultant Anarock.High street markets of Kala Ghoda, Bandra Linking Road, and Fort in Mumbai also saw high street retail rentals decline anywhere between 5 per cent to 10 per cent during the same period, it said in a statement."Retail sector has been one of the worst affected due to the pandemic since early 2020.

With almost zero sales amidst lockdown and thereafter as well for few months, we saw retailers closing their stores or even curtailing their future expansion plans," said Pankaj Renjhen, COO and Joint MD, Anarock Retail.As a result, the average.

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