Delhi-NCR retail leasing hits record 3.1M sq ft in 2024 as rents rise, vacancy falls
CBRE and ANAROCK data show Delhi-NCR retail leasing up 7% YoY to 3.1 million sq ft in 2024, with vacancy easing to 8.3% from 9%. Noida and Gurugram lead growth on Jewar Airport and expressway connectivity, backed by a 27 million sq ft pipeline set to dominate India's retail development through 2028.
Delhi-NCR retail real estate hit record leasing in 2024 with rising rents and falling vacancy, per CBRE and ANAROCK. Noida and Gurugram lead growth, driven by Jewar Airport and expressways; region to dominate India's retail pipeline through 2028.