Two of Hyderabad’s leading shopping corridors have made it to the Asia–Pacific (APAC) rankings in the ‘Main Streets Across the World 2025’ report, underscoring the city’s growing prominence in the regional retail sector. The latest edition of the survey by Cushman and Wakefield features Banjara Hills and Himayathnagar among 51 major retail destinations across APAC, placing Hyderabad alongside global hubs such as Tokyo, Singapore, Hong Kong and New Delhi.
This report examines headline rents in premier urban retail locations worldwide, many of which are closely associated with the luxury segment.
Banjara Hills and Himayathnagar share the 48th spot in the APAC rankings, with annual rents estimated at USD 30 per square foot (₹2,680 per sq. ft.). Their inclusion reflects the steady growth of Hyderabad’s premium retail market, which continues to attract a rising number of national and international brands looking to strengthen their footprint in southern India.
Khan Market remains India’s most expensive retail location
India features strongly in the report, with several of its retail corridors recording robust year-on-year rental growth and appearing prominently in the global rankings. Among the top 50 shopping destinations worldwide, New Delhi’s Khan Market continues to be the country’s costliest retail address, positioned 24th with an annual rent of USD 223 per square foot (₹19,940 per sq ft).
The report highlights that rising disposable incomes, evolving consumer lifestyles and higher aspirations are contributing to the strong performance of metropolitan retail markets in India. It points to the premiumisation of categories such as fashion, beauty, food and beverage and home décor as a major driver of rental growth. It also notes that global brands increasingly view India’s Tier 1 cities as strategic entry points in Asia, especially as consumer demand in China shows signs of slowing.
The 2025 edition marks the 35th year of this global survey, which assesses 140 major shopping streets worldwide. This year, London’s New Bond Street has taken the top spot, ahead of Milan’s Via Montenapoleone and New York’s Upper Fifth Avenue.
