Delhi-NCR retail leasing accelerated, resurfacing a December 2024 report as mall vacancy fell and high-street rents rose
Delhi-NCR’s retail market strengthened through 2024, according to a report resurfacing from December 2024, with Noida and Gurugram leasing up 12–15%, premium-mall vacancy falling to 8.3% and key high-street rents climbing. The region is projected to add more than 27 million sq. ft. of retail space by 2028.
Delhi-NCR retail real estate saw record 2024 leasing, lower premium-mall vacancy and rising rents. Noida and Gurugram led demand, aided by infrastructure projects. The region is projected to add over 27 million sq. ft. of retail space by 2028.
Why this matters
The signal reinforces recent Delhi-NCR updates reporting leasing gains alongside tighter mall vacancies and rising high-street rents. A separate resurfaced-data signal also highlighted the more than 27 million sq. ft. retail pipeline through 2028.
Footfall is steady, with 556 signals in 90 days; no QoQ change is provided.