Delhi-NCR retail leasing and rents climbed as 27 mn sq ft pipeline builds, resurfacing a 2024 report
Resurfacing a January 2024 report: Delhi-NCR retail strengthened in 2024 with premium-mall vacancy falling to 8.3%, Noida and Gurugram leasing up 12-15%, and rising high-street rents. More than 27 million sq ft of retail space is projected to be added across the region between 2024 and 2028.
Delhi-NCR retail real estate recorded stronger leasing, lower mall vacancies and higher rents in 2024. Infrastructure including Jewar Airport and Dwarka Expressway is supporting Noida and Gurugram growth, while the region is projected to add over 27 million sq ft of retail space by 2028.
Why this matters
The signal extends recent Delhi-NCR coverage on leasing and rent gains, including reports of premium-mall vacancy falling to 8.3% and a 27 mn sq ft pipeline, while adding Noida and Gurugram leasing growth of 12-15%.
Footfall is steady at 464 signals in 90 days; no QoQ figure is provided.