Monthly rentals at Khan market stood stable at Rs 1,250 per sq ft in the past one year, but still, its ranking improved. In the 2016 report, it was placed 28th.
Khan Market is already in the NDMC's dock for another reason. After the fire at a pub in Mumbai's Kamala Mills compound, it has come to light that several eateries in the market are in the danger zone. Quoting G C Mishra, Director of Delhi Fire Services, the PTI reported that most outlets are evading the norms by stating that they have a capacity to host less than 50 guests.
The national capital's upscale Khan market has moved up four positions to become the world's 24th most expensive retail location even as it continues to be the costliest to hire a shop in India, according to a Cushman and Wakefield report in November 2017.
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