India city Delhi 2020 pandemic Waves India city Delhi

Retail rentals decline in high street retail locations due to covid

BENGALURU : Prominent high street retail locations in top cities have seen a drop in average monthly rentals, as covid wreaked havoc on physical stores last year as well with the current regional lockdown restrictions.Delhi’s Khan Market, India’s most expensive retail location, saw average monthly rentals reduce by 8-17% to Rs1,000-1,100 per sq.

ft in the January-March period compared with the corresponding year-ago quarter, according to data by Anarock Property Consultants.

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