Khan Market (Hindi: ख़ान बाज़ार), established in 1951 and named in honour of Khan Abdul Ghaffar Khan, has been ranked as the costliest retail location in India. In 2010, it was rated as the world's 21st most expensive retail high street by real estate firm Cushman & Wakefield and is consistently ranked as one of the costliest high-end streets.
Established in 1951, the U-shaped, double-storey market complex originally had 154 shops and 74 flats on the first floor for shopkeepers. Many of these shops were allocated as seed land to immigrants from the North-West Frontier Province after the partition of India. Khan Market is named in honor of Khan Abdul Ghaffar Khan, by the first traders who set up shops in the market, in appreciation of his efforts in helping them migrate to India safely during the partition.
Nearby is Sujan Singh Park, New Delhi's first apartment complex, built in 1945, and designed by Walter Sykes George and named after the grandfather of this enclave's most famous resident, writer Khushwant Singh. George also designed, the Ambassador Hotel next door, built in 1945 in a mix of British and Art Deco style. The building is now a heritage property and the hotel has been taken over by the Taj Vivanta chain.
Until the 1980s, all the flats on the first floor continued to serve as homes. Neighbourhood grocery stores and middle-class shops existed in the middle lane, despite the fact it catered most up to upmarket Golf Links, Sundar Nagar, and diplomatic crowd from Chanakyapuri. Gradually, the real estate boom and expanding families of the first generation of occupants forced many families to move out. Thus these homes were sold and started being converted into shops. By the 2010s, only a few families were living in these two-room flats.
Today it has grown to become one of the most expensive commercial real estate locations in the city. However, by international standards the public realm is very run down and not at all high end. It has a wide variety of stores, including modern showrooms of most of well-known brands, silver jewellery stores, delicatessens, bookstores, paints and hardware stores, electronics, kitchenware, and fabric stores mingle with some of the better restaurants.
It is also famous for food including kebabs and a retail market for lighting fixtures on the ground floor. There are several bookstores in the market.
The market is closed on Sundays.
Khan Market is almost in the heart of the city, close to India Gate. It is surrounded by residential complexes — government owned and private — including Golf Links, Lodhi Estate, Shahjahan Road, Pandara Road, Rabindra Nagar and Sujan Singh Park. Its environs are home to a significant number of bureaucrats from the central government, and famous people like the satiric author Khushwant Singh. It is one of the greenest pockets of the city, very close to the famed Lodhi Gardens. Also in proximity are the India International Centre, the India Habitat Centre, offices of the World Wide Fund for Nature, and other organizations.
It is serviced by the Khan Market underground station of the Delhi Metro (Violet Line), which lies in front of the colonial-era Ambassador Hotel (now Taj Vivanta). There are four exits of the metro station namely Gate 1, Gate 2, Gate 3 and Gate 4. The exit at Gate 4 leads to Khan Market.
- Hazlett C., "Glitter and Grit – Shopping Centers Today", February 2007 Archived 2007-09-30 at the Wayback Machine
- "Delhi's Khan Market is world's 21st costliest high street". The Times of India. 2010-09-23. Retrieved 2010-09-23.
- "Delhi's Khan Market world's 21st costliest street". The Times of India. 2010-09-24. Retrieved 2010-09-24.
- "New Delhi's Khan Market India's costliest street, world's 21st". Hindustan Times. 2010-09-25. Archived from the original on 2010-09-25. Retrieved 2010-09-25.
- Kulshrestha, Taneesha; Tarafdar, Suman (29 March 2008). "High rentals dwarf luxury brands' India gameplan". The Financial Express. The Indian Express. Retrieved 15 September 2009.
- "India becomes dearer for high street retailers: Survey". Economic Times. 2010-09-23. Retrieved 2010-09-23.
- "Home is where the mart is". Mint. 13 July 2012.[permanent dead link]
- "Making history with brick and mortar". Hindustan Times. 15 September 2011. Archived from the original on 5 December 2012.
- Ambassador Hotel Taj Vivanta.
- Khan Market
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