Khan Market, established in 1951, and named in honour of Khan Abdul Ghaffar Khan (popularly khown as Frontier Gandhi or Badshah 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.A 2011 Cushman & Wakefield survey ranked Khan Market as the world’s 21st most expensive shopping street.
Today it has grown to become one of the most expensive commercial real estate locations in the city. It has a wide variety of stores, including modern showrooms of most of well-known brands, like Nike, Reebok, Tommy Hilfiger Benetton, Goodearth and others. Silver Jewellery stores Amrapali, Safeera, Silverline etc., Delicatessens, bookstores, paints and hardware stores, electronics, kitchenware, and fabric stores mingle with some of the better restaurants in the city. Some of the stores and eating joints include FabIndia, Raj stores, Anokhi, Sanjiv Mehra's Allied Stores,Cooptex, Gift Palace (for toys, games and theme parties), Aamayo, Route 04, The Kitchen, Market Cafe, Cafe Turtle, Albake, Big Chill Cafe, Cafe Zaffiro, Barista, McDonalds, Subway, Kriti Creations, and a general store, National Cloth House and Khadi Gramodyog.
It is also famous for food including kebabs from Salim's Kebabs, Khan Chacha's Kebab's and momos opposite Lok Nayak Bhavan, which houses several government offices, and a retail market for lighting fixtures on the ground floor. There are also several popular bookstores in the market which offer a unique selection of books in the heart of Delhi. The market remains closed on Sundays.
It is located almost at the heart of the city, close to India Gate
. Surrounded by residential complexes-both 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.