Given the dull scenario, the average monthly rentals across retail markets correct between 2-30 per cent. With Covid-19 wreaking havoc in the country, average monthly rentals across the key high street markets in top cities witnessed some corrections. As per recent data by ANAROCK Retail Research, the iconic retail hub in Delhi – Khan Market – saw average monthly rentals reduce by as much as 8 per cent to 17 per cent in Q1 2021 against Q1 2020.
Likewise, high street markets of Kala Ghoda, Bandra Linking Road and Fort in Mumbai (one of the worst-affected city) also saw high street retail rentals decline anywhere between 5 per cent to 10 per cent during the same period.
High street rentals crash: Khan market in Delhi; Kala Ghoda, Fort in Mumbai worst-affected
PTI Photo
With COVID-19 wreaking havoc in the country, average monthly rentals across the key high street markets in top cities witnessed some corrections. As per recent data by ANAROCK Research, the iconic retail hub in Delhi â Khan Market â saw average monthly rentals reduce by as much as 8 percent to 17 percent in Q1 2021 against Q1 2020.
Likewise, high street markets of Kala Ghoda, Bandra Linking Road and Fort in Mumbai (one of the worst-affected city) also saw high street retail rentals decline anywhere between 5 percent to 10 percent during the same period.
India s high street retail rentals decline amid Covid crisis
By IANS |
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Khan Market. (File Photo: Bidesh Manna/IANS) Image Source: IANS News
Kolkata: People stand in a queue at a liquor store, due to partial lockdown starting from tomorrow. Only essential commodities and medicine shops are open, and other shop and market places are open from 7am to10am & 3pm to 5pm ,in Kolkata. (Photo: K Image Source: IANS News
Mumbai, May 3 : With Covid-19 wreaking havoc in the country, average monthly rentals across the key high street markets in top cities witnessed some corrections, according to data from Anarock Research.