Rent in Delhi Khan market below 14% by 2020: Report

Nearly 80 percent of major retailers have seen a fall in wages during this period, a real estate consultant said in a report with Highways.

NEW DELHI: The Rent in Delhi retailer dropped rents by 14 percent last year during the COVID-19 epidemic and ranks 21st in the most expensive street market in Asia, according to Cushman & Wakefield.

Nearly 80 percent of major retailers have seen a fall in wages during this period, a real estate consultant said in a report with Highways.

The three most expensive shopping cities are still Hong Kong, Tokyo, and Sydney.

The poorest district in Hong Kong’s first province, Causeway Bay, where wages have fallen by 40 percent to 870 Hong Kong dollars per square meter per month.

“In India’s major markets, the Rent in Delhi Khan Market will fall by 14% in 2020 and fall into the top 20 APAC markets,” Khan said. Counselor.

The retail market continues to be the most expensive shopping mall for India at $ 195 per square meter, followed by Connaught Place in the country’s capital.

Cushman & Wakefield said India was in an electricity crisis and forced wages on larger households.

However, a major grab of the second quarter of 2020 will remain strong and trade will decline even as Rent in Delhi markets open in the second half of 2020.

Repeated major waves occurred at different times in the country, with long journeys resulting in a low of 9 percent, while Kolkata, Bangalore, and other states occupied 18 to 14 percent. Less than 2% in Chennai and Ahmadabad

Anshul Jain, CEO of India and Southeast Asia, said: “The APAC website has 64% of global smart users and is the largest e-commerce platform with $ 2.5 billion worldwide. The global price is $ 3.9 billion. This makes it easier to understand why Google’s disease is forcing consumers online.

Even in the last quarter of 2020, when markets first opened and roads began to take off, people in the region were buying online.

“And as the second wave of this epidemic grows, controlled areas in many cities in India, e-commerce will continue to be popular as long as we continue to move forward,” Jain said.

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