Delhi-NCR retail leasing hits record 3.1M sq ft in 2024 as rents climb and vacancy falls
CBRE data shows NCR retail leasing rose 7% YoY to 3.1M sq ft in 2024, with vacancy easing to 8.3% from 9%. Rents surged 12-15% in Noida and Gurugram, backed by Jewar Airport and infrastructure. Anarock projects NCR to lead India's retail pipeline with 27M sq ft through 2028.
Delhi-NCR retail real estate hit record 2024 leasing (3.1M sq ft, +7% YoY), lower vacancy, rising rents in Noida/Gurugram driven by infrastructure and Jewar Airport. Anarock projects NCR to dominate India's retail pipeline with 27M sq ft through 2028.