Thursday, September 23, 2010

Khan Market - the costliest market shop in New Delhi

http://www.hindustantimes.com/News-Feed/newdelhi/Khan-Market-India-s-costliest-street-world-s-21st/Article1-603949.aspx


Khan Market is India’s most-expensive retail destination. According to Real Estate consultants Cushman & Wakefiled, this shopping strip has moved up three notches to 21 in the list of the world’s most expensive shopping streets. (The survey provides a global barometer of the retail sector, tracking rents in the world’s top 269 shopping locations across 59 countries. ) An equivalent, but higher on the list, shopping strip would be New York’s Fifth Avenue here in the States. The retail Industries primarily in New Delhi and Mumbai are forecasted to grow even faster due to the public’s high interest and value of retail.

I am not surprised India has a world renown shopping center. What does surprise me is the way it has been named* (please see below). For being such a memorable political and spiritual leader, one might wonder why more has not been done to help the tremendous poverty gap in these specific locations. I am not suggesting that those who are well off should not have the fruits of their wealth, but I would like to think these individuals (who can afford the Khan Market) are spending as much for the social welfare of their country.

*p.s. Khan Market is named in honor of Khan Abdul Ghaffar Khan (1890-1988), a Pashtun political and spiritual leader whose memory is deeply respected throughout India.(Wikipedia).

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