New Delhi, Nov. 19 -- Delhi's Khan Market is India's most expensive high street, according to a new report released by real estate consultancy Cushman & Wakefield. In its flagship retail report 'Main Streets Across the World', C&W said that the high street's rent has increased 3% year-on-year to $223 per square foot per year this year.

Globally, despite the rise in rent, Khan Market's ranking slipped slightly from 23rd most expensive last year to 24th this year.

London's New Bond Street has been crowned the world's most expensive retail destination for the first time, where rents have risen by 22% in the past year to $2,231 per square foot per year (psf/yr).

In the second spot, New Bond Street has leapfrogged Milan's Via Montenapoleone...