Delhi-NCR retail leasing hits record 3.1M sq. ft. in 2024 as rents climb and vacancies fall
Delhi-NCR retail real estate leasing rose 7% YoY to 3.1 million sq. ft. in 2024, with premium mall vacancy dropping to 8.3% from 9%. Noida and Gurugram led the surge at 12-15% growth. CBRE and ANAROCK project NCR to command a 66% share of India's 27M sq. ft. retail pipeline through 2028.
Delhi-NCR retail real estate hit record 2024 leasing, falling vacancies and rising rents, led by Noida and Gurugram. CBRE and ANAROCK data project NCR to dominate India's retail development pipeline through 2028 with 27 million sq. ft. planned.