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Delhi Khan Market and Connaught Place retailers demand NDMC cut property tax burden now
Economy
Published on 15 May 2026
NDMC property tax can hit 25% of rent
Retailers in Delhi’s costliest markets, including Khan Market and Connaught Place, have urged the New Delhi Municipal Corporation (NDMC) to quickly implement a revised property-tax calculation method. The New Delhi Traders Association says NDMC property tax can be as high as 25% of rent collected, compared with just 2–3% in other Delhi areas under MCD. They argue for “one city one tax,” saying traders across upscale areas should not face different effective tax rates.
- Khan Market and Connaught Place retailers pressed NDMC to act fast
- Claim: NDMC property tax can be up to 25% of rent collected
- Comparable rates elsewhere in Delhi are cited at 2 to 3% of rent
- Traders want NDMC to use an MCD-aligned base rate for equity
- NDMC delay after a gazette notification is said to be harming traders
- Khan Market rents grew only about 3% in 2025, at $223 per sq ft yearly
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times