Khan Market costliest in India: C038;W

8220;With many major international and national retail brands being present in Khan Market,and little vacancy and consistent demand,values have been rising high,8221; it added.

Khan Market is followed by Mumbai8217;s Linking Road Western Suburban,where the rental is Rs 685 a sq ft every month.

8220;Retailer expansion in India is a result of a combination of strong economic growth driven primarily by internal consumption and quality retail supply being provided in major cities across India. Growth in the luxury sector has been a rising trend with the market growing at a rate of 13 per cent,8221; Camp;W Director Retail Services,India Jaideep Wahi said.

Both international and Indian brands regard India as an expanding luxury market which could become a significant part of their portfolio going forward,he added.