The average monthly rentals in Delhi's upscale retail locations of Khan market, South Extension and Connaught Place declined by 14 per cent year-on-year during the July-September period due to COVID-19 pandemic, according to Cushman & Wakefield. In its 'Market Beat Delhi-NCR Retail Q3 2020' report, Cushman & Wakefield said the average rentals of Khan Market stood at Rs 1,200 per sq ft a month during July-September, down 14 per cent from the year-ago period. Connaught Place and South Extension I & II also witnessed 14 per cent fall in monthly rentals in the last one year. At present, the average rent in the CP market stands at Rs 900 per sq ft and in South Ex at Rs 600 per sq ft a month. Rentals of retail space in Sector 29, Gurugram, fell 23 per cent to Rs 180 per sq ft, while Sector 18, Noida, saw the maximum fall of 28 per cent to Rs 180 per sq ft a month. The per sq ft monthly rentals were stable in Lajpat Nagar (Rs 250), Greater Kailash I, M Block (Rs 375), Rajouri ...
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