Delhi-NCR retail leasing and rents rose as premium-mall vacancy dropped, resurfacing a 2024 report
Resurfacing data on Delhi-NCR's retail property market strengthening in 2024, with Noida and Gurugram leasing up 12–15%, premium-mall vacancy falling and high-street rents climbing. More than 27 million sq. ft. of retail supply is planned across the region through 2028.
Delhi-NCR retail property strengthened in 2024 as leasing, consumer spending and rents rose while premium-mall vacancy fell. Connectivity projects, including Jewar Airport and Dwarka Expressway, are supporting Noida and Gurugram demand, with over 27 million sq. ft. of retail space planned through 2028.
Why this matters
The signal extends recent Delhi-NCR updates showing 2024 leasing acceleration, falling mall vacancy and higher high-street rents, while resurfacing the same December 2024 market report.
Footfall is steady, with 557 signals recorded in the past 90 days.