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.