Delhi-NCR retail leasing hit record 3.1M sq ft in 2024 as vacancy fell and rents climbed, resurfaced 2024 data shows
CBRE data resurfacing from 2024 shows Delhi-NCR retail leasing up 7% YoY to 3.1M sq ft with vacancy easing to 8.3%. Noida and Gurugram rents surged 12-15%, buoyed by Jewar Airport and expressway links. The region was set to hold 66% of India's 27M+ sq ft retail pipeline through 2028.
Delhi-NCR retail real estate hit record leasing in 2024 with falling vacancy and rising rents. Noida and Gurugram surged 12-15%, backed by Jewar Airport and expressways. Region set to hold 66% of India's 27M+ sq ft retail pipeline through 2028.
Why this matters
This resurfaced CBRE 2024 report reinforces earlier signals on Delhi-NCR's record retail leasing, falling vacancy and rising rents, underscoring the region's dominance of India's retail pipeline through 2028.
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