Delhi-NCR retail leasing and rents rose as 27m sq ft pipeline builds, resurfacing a December 2024 report
A December 2024 report showed Delhi-NCR's retail property market posted stronger 2024 leasing and lower mall vacancies, with Noida and Gurugram seeing 12–15% leasing growth. The region is projected to add more than 27 million sq. ft. of retail space between 2024 and 2028.
Delhi-NCR retail real estate saw record 2024 leasing, lower mall vacancies and higher rents. Noida and Gurugram gained from infrastructure projects, while the region is projected to account for more than 27 million sq. ft. of planned retail space through 2028.
Why this matters
The signal extends recent Delhi-NCR updates on premium-mall vacancy tightening, accelerating retail leasing, and rising high-street rents, while adding the 27 million sq. ft. 2024–2028 supply pipeline.
Store-opening is steady at 1,447 signals in 90 days; no QoQ change was provided.