Who is the owner of Delhi's Khan Market?

Khan Market was established in 1951 and found its origins in providing homes for people who migrated from Pakistan to India post-partition.

When it comes to Delhi's most expensive markets, Khan Market naturally finds a mention for its location.

Inhabited by high-ranking officials and affluent individuals, this area is also known as Lutyens' Delhi.

The lower floors housed shops, while the upper ones served as residences.

The market is named after Abdul Jabbar Khan, a freedom fighter who played a pivotal role in rescuing Hindus from Pakistan, earning him the honour of having the market named after him.

Controlled by the government, the majority of these shops operate on leases.

Initially set at a meager Rs 50 per month, the rents skyrocketed in 1956 when the Ministry of Rehabilitation's plan allocated shops at Rs 6,516.

The average rent for a commercial space in Khan Market ranges from Rs 1800 to Rs 2200 per square foot, depending on the location, size and type of property.

Thereby, shops command rents exceeding  approximately Rs 6 lakh per month