A view of Khan Market in New Delhi.(Raj K Raj/HT PHOTO)
A view of Khan Market in New Delhi.(Raj K Raj/HT PHOTO)

Delhi’s Khan Market world’s 20th most expensive retail location: Report

In its latest report ‘Main Streets Across the World 2019’, global property consultant Cushman & Wakefield said that Khan market is ranked 20th in the list of the most expensive retail locations with an annual rent of USD 243 per sq ft.
By Press Trust of India | New Delhi
UPDATED ON NOV 25, 2019 08:26 AM IST

Delhi’s upscale Khan Market has moved up one position to become the world’s 20th most expensive retail location, according to global property consultant Cushman & Wakefield.

In its latest report ‘Main Streets Across the World 2019’, the consultant said that Khan market is ranked 20th in the list of the most expensive retail locations with an annual rent of USD 243 per sq ft. Last year, Khan market was at 21st place with a rent of USD 237 per sq ft a year. Causeway Bay in Hong Kong retains the number one ranking, commanding an annual rent of USD 2,745 per sq ft. New York’s Upper 5th Avenue is at second position (USD 2,250 per sq ft), followed by London’s New Bond Street (USD 1,714 per sq ft) and Avenue des Champs Elysees in Paris (USD 1,478 per sq ft). Via Montenapoleone in Milan, Italy ranks fifth with an annual rent of USD 1,447 per sq ft, the report said. The rankings are based on rentals during the second quarter of 2019 calendar year. The Cushman & Wakefield report tracked 448 locations across 68 countries.

On the India market, the report said that “rental trends over the past year have largely been pointing upwards, with the lack of availability in the best shopping malls pushing more brands to seek out prominent, high footfall locations in the main commercial corridors”.

While high street rents in the bigger cities of Mumbai, Delhi-NCR and Bengaluru have experienced only marginal increases, other cities such as Chennai, Pune and Kolkata, which have a more vibrant high street culture, have recorded much stronger rental uplift, it added.

The consultant highlighted that the growth sectors include food and beverage (F&B), clothing and accessories, along with hypermarkets and e-commerce retailers opening physical stores. Some large store formats are also experimenting with standalone outlets close to key commercial and residential markets along major roads, it said.

The short-term outlook is upbeat, with rents expected to edge up in the major high streets where supply remains constrained, the report said.

SHARE THIS ARTICLE ON
Close
HDFC said customers who have good credit histories can avail new loans at 6.75%. (Abhijit Bhatlekar/ Mint)
HDFC said customers who have good credit histories can avail new loans at 6.75%. (Abhijit Bhatlekar/ Mint)

HDFC reduces interest rates on home loans

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 09:44 PM IST
  • HDFC also outlined that the changes will affect customers who currently have availed home loan benefits from the lender.
Close
SBI's home loan interest rates for loans up to <span class='webrupee'>₹</span>75 lakh start at 6.7% and 6.75% for loans above <span class='webrupee'>₹</span>75 lakh. (iStock/Hindustan Times Archive)
SBI's home loan interest rates for loans up to 75 lakh start at 6.7% and 6.75% for loans above 75 lakh. (iStock/Hindustan Times Archive)

SBI offers home loans at 6.7%, zero processing fee in a limited period offer

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON MAR 01, 2021 02:39 PM IST
  • SBI also said that the processing fee waiver and interest concession in the loan amount are subject to the CIBIL score of the loan applicant.
Close
Estate agents for sale and sold boards in a van in Colchester, UK. (Bloomberg File Photo )
Estate agents for sale and sold boards in a van in Colchester, UK. (Bloomberg File Photo )

Housing booms in Australia as prices surge most in 17 years

Bloomberg
PUBLISHED ON MAR 01, 2021 06:08 AM IST
While housing prices are surging from Singapore to Canada and the US, a return to boom times in Australia threatens to swell an already worrisome pile of household debt and make it harder for young people to get a foot on the property ladder.
Close
Globally, about 26% of the ultra-wealthy also plan on purchasing a home in 2021, up against 20% of 2020. The pandemic-induced residential mini-boom is expected to continue through 2021. (Representative Image)(AFP)
Globally, about 26% of the ultra-wealthy also plan on purchasing a home in 2021, up against 20% of 2020. The pandemic-induced residential mini-boom is expected to continue through 2021. (Representative Image)(AFP)

One out of five Indian UHNWIs planning to buy a new home in 2021: Report

ANI
PUBLISHED ON FEB 27, 2021 03:05 PM IST
The preferred investment locations for ultra-wealthy Indians are largely concentrated in domestic market followed by preferences in international markets of the United States, the United Kingdom, Singapore and the United Arab Emirates.
Close
FILE - In this Aug. 13, 2018, file photo a house is pictured for sale in Christchurch, New Zealand. New Zealand's government on Thursday, Feb. 25, 2021 made the first of several promised moves to rein in skyrocketing house prices by ordering the nation's Reserve Bank to consider the impact on housing when making decisions. (AP Photo/Mark Baker, File)(AP)
FILE - In this Aug. 13, 2018, file photo a house is pictured for sale in Christchurch, New Zealand. New Zealand's government on Thursday, Feb. 25, 2021 made the first of several promised moves to rein in skyrocketing house prices by ordering the nation's Reserve Bank to consider the impact on housing when making decisions. (AP Photo/Mark Baker, File)(AP)

Real estate in New Zealand feels Covid heat as housing prices skyrocket

PTI, Wellington
PUBLISHED ON FEB 25, 2021 07:57 AM IST
Opposing the expectations, prices have risen by more than 19% over the past year, putting them out of reach for many people wanting to buy their first home.
Close
In view of the lockdown, MahaRera had first extended validity of real estate projects by 3 months on April 2, and then extended it by another 3 months on May 18.(HT FILE)
In view of the lockdown, MahaRera had first extended validity of real estate projects by 3 months on April 2, and then extended it by another 3 months on May 18.(HT FILE)

Realty sector witnessing K-shaped recovery: Report

PTI, Mumbai
PUBLISHED ON FEB 22, 2021 05:09 PM IST
The smaller sized real estate companies' woes will “weigh heavily” on the sector as a whole, domestic rating agency Icra said in its report.
Close
In view of the lockdown, MahaRera had first extended validity of real estate projects by 3 months on April 2, and then extended it by another 3 months on May 18.(HT FILE)
In view of the lockdown, MahaRera had first extended validity of real estate projects by 3 months on April 2, and then extended it by another 3 months on May 18.(HT FILE)

NRIs eye southern realty for investment: Report

PTI
PUBLISHED ON FEB 16, 2021 11:03 PM IST
The maximum search or demand comes from those NRIs living in the US, followed by the UAE and Britain, said the report by Commonfloor, a Quikr platform that offers home-seekers, sellers and realty professionals an online ecosystem.
Close
Singapore’s economy is projected to rebound as the city keeps coronavirus infections at bay and rolls out vaccinations.(Unsplash)
Singapore’s economy is projected to rebound as the city keeps coronavirus infections at bay and rolls out vaccinations.(Unsplash)

Singapore home sales exceed two-year high as curbs may loom

Bloomberg
PUBLISHED ON FEB 15, 2021 11:50 AM IST
  • Singapore’s property market has made a rapid recovery after the pandemic sent the economy into its worst recession, fueling speculation that authorities could intervene to calm the sector. Government ministers warned last month that they don’t want the market to run ahead of economic fundamentals.
Close
Registration for two housing projects of Ansal API Ltd in Sushant Golf City, Lucknow has been cancelled.(Source: Sushant Golf City website)
Registration for two housing projects of Ansal API Ltd in Sushant Golf City, Lucknow has been cancelled.(Source: Sushant Golf City website)

2 Ansal API projects in Sushant Golf City, Lucknow cancelled by UPRERA

By HT Correspondent | Edited by Abhinav Sahay, Lucknow
PUBLISHED ON FEB 12, 2021 11:04 AM IST
  • Action was taken based on site visits and a large number of complaints related to non-possession, non-refund, violation of terms and conditions of the sales contract/allotment letter by the builder.
Close
A general view of a government housing complex in Hong Kong. (Anthony Wallace / AFP)
A general view of a government housing complex in Hong Kong. (Anthony Wallace / AFP)

Century Real Estate sells over 100 plots in 10 days at Century Greens

ANI, Bengaluru
PUBLISHED ON FEB 11, 2021 10:48 PM IST
  • Century Greens comprises a state-of-the-art 10,000 sq. ft. clubhouse, located at the heart of the development that provides a grand experience of landscaped greens, indoor and outdoor amenities with easy access from every plot.
Close
Rates in existing commercial areas and upcoming commercial areas were hiked.(Sanjeev Verma/HT PHOTO)
Rates in existing commercial areas and upcoming commercial areas were hiked.(Sanjeev Verma/HT PHOTO)

RLDA to lease land parcels in city for commercial development

PTI, Chennai
PUBLISHED ON FEB 11, 2021 10:42 PM IST
RLDA Vice Chairman Ved Prakash Dudeja was quoted in the release as saying that Chennai has emerged as a real estate hotspot due to the growth of the IT/ITes sector, infrastructural development and conducive policy landscape over the past few years.
Close
Representational Image. (HT archive)
Representational Image. (HT archive)

New DDA policy to regulate development in green belt villages on Delhi periphery

By Risha Chitlangia
UPDATED ON FEB 10, 2021 11:40 AM IST
Currently, no new construction, either residential or commercial, is allowed in the 47 rural villages located on Delhi’s periphery such as Dhansa, Mitraon, and Kapashera
Close
The value of single-family homes, known locally as villas, rose 2% in the richest and largest of the seven sheikhdoms that make up the United Arab Emirates, real estate consultancy Core said in a report.
The value of single-family homes, known locally as villas, rose 2% in the richest and largest of the seven sheikhdoms that make up the United Arab Emirates, real estate consultancy Core said in a report.

Abu Dhabi villa prices climb for first time in five years

Bloomberg
PUBLISHED ON FEB 09, 2021 02:33 PM IST
Rental rates continued to decline for both villas and apartments as the pandemic forced companies to cut jobs. Residency permits in the UAE, where expatriates make up the majority of the population, are usually tied to employment and many residents who lose their jobs leave the country.
Close
Representational Image. (File photo)
Representational Image. (File photo)

DDA gets 15k applications for 1,354 flats on sale; draw of lots on March 3

By HT Correspondent | Edited by Smriti Sinha
PUBLISHED ON FEB 08, 2021 12:24 PM IST
The DDA has so far received 4,147 applications along with payment for its 1,011 HIG and MIG category flats in Dwarka and Jasola
Close
In Delhi, properties are classified in eight categories from 'A' to 'H', with 'A' class properties being the posh areas and the least developed areas fall into 'H' category.(HT File Photo)
In Delhi, properties are classified in eight categories from 'A' to 'H', with 'A' class properties being the posh areas and the least developed areas fall into 'H' category.(HT File Photo)

Want to buy new property in Delhi? Here is good news for you

By hindustantimes.com | Edited by Shivani, New Delhi
PUBLISHED ON FEB 06, 2021 02:28 PM IST
The existing rate of land in 'A' category is 7.74 lakh per square metre, After the revised circle rate this will go down to 6.19 lakh per square metre, as per PTI report. In 'H' category, the circle rate will be reduced from 23,280 to 18,624 per square meter.
Close
SHARE
Story Saved
OPEN APP