Delhi-NCR retail leasing and rents rise as 27 million sq ft pipeline takes shape, resurfacing a December 2024 report
Delhi-NCR’s retail market saw stronger leasing, lower premium-mall vacancy and rising high-street rents in 2024, according to a report resurfacing from late December 2024. More than 27 million sq ft of retail space is planned across the region through 2028, led by Noida and Gurugram.
Delhi-NCR retail real estate posted record 2024 leasing, lower premium-mall vacancies and higher rents. Infrastructure-led growth in Noida and Gurugram is supporting new projects, while the region is projected to add over 27 million sq ft of retail space by 2028.
Why this matters
The resurfaced December 2024 report matches recent signals of stronger Delhi-NCR leasing, lower premium-mall vacancy and rising high-street rents. A Q1 2026 update reported leasing up 45%, led by fashion and F&B demand.
retail-company is accelerating, up +223850% QoQ.