Delhi-NCR retail leasing climbed as premium-mall vacancies and rents tightened, resurfacing early-2024 data
Resurfacing a report from early 2024, Delhi-NCR's retail property market recorded stronger leasing that year, with Noida and Gurugram demand up 12%–15%, premium-mall vacancies falling and high-street rents rising. The region was also set to account for 66% of the major-city retail supply pipeline through 2028.
Delhi-NCR retail property saw record 2024 leasing, tighter premium-mall vacancies and higher rents. Infrastructure including Dwarka Expressway and Jewar Airport is supporting Noida and Gurugram demand, while the region is projected to lead India’s retail-development pipeline through 2028.
Why this matters
It reinforces two recent signals resurfacing a December 2024 report on Delhi-NCR leasing, mall vacancies and high-street rents, and provides context for Q1 2026's 45% leasing jump led by fashion and F&B.
Footfall remains steady at 486 signals in 90 days; no QoQ percentage is supplied.