Rent- Rs 42 lac/month -Costliest Chemist Shop in India

In a country where a month's salary for many workers barely touches ten thousand rupees, the news that a single chemist shop in Mumbai was paying rent of ₹42 lakh per month — roughly $90,000 at 2010 exchange rates — was guaranteed to stop people mid-scroll.
The shop in question was located in one of Mumbai's premium commercial corridors, where real estate prices had long decoupled from any ordinary concept of economic logic. The pharmacy, by virtue of its location near a major hospital or upscale residential colony, could command prices that would sustain a small enterprise in any other Indian city for years.
Mumbai's commercial real estate market had become one of the most expensive in Asia by 2010, with per-square-foot costs rivaling parts of London and New York. For businesses anchored to high-footfall locations — pharmacies, banks, convenience stores — the calculus of paying extraordinary rent was often straightforward: the volume of transactions at a premium location could justify costs that seemed absurd in isolation.
The story circulated widely as a symbol of India's inequality and of Mumbai's particular madness — a city of stunning extremes where the world's most expensive homes overlooked Asia's largest slum, and where a medicine shop could carry a monthly overhead that would fund a small rural hospital.
For healthcare access advocates, the anecdote was less amusing: premium pharmacy rents inevitably fed into medicine prices, adding one more invisible tax on patients who had no choice but to fill their prescriptions.
Related Stories
Tier-2 Cities: India's New Growth Engines Are Still Sputtering
Tier-2 Cities: The Development Promise That Remains Mostly Unfulfilled For the past decade, development experts have touted Tier-2 cities—Pune, Surat, Lucknow, Chandigarh, Indore—as India's next growth frontier. They off...
The Startup Winter: Which Startups Survived the Downturn?
The Startup Winter: Which Startups Survived the Downturn? This article examines the startup winter: which startups survived the downturn? in contemporary India and its global implications. Context and Overview The Startu...
The New Indian Middle Class: Aspirations, Anxieties, Consumption
The New Indian Middle Class: Aspirations, Anxieties, Consumption This article examines the new indian middle class: aspirations, anxieties, consumption in contemporary India and its global implications. Context and Overv...