Delhi-NCR retail leasing hits record 3.1M sq ft in 2024 as vacancies drop and rents climb
Delhi-NCR retail leasing rose 7% YoY to 3.1M sq ft in 2024 while vacancy fell to 8.3% from 9%. High-street rents surged, with South Ext at ₹800–1,000/sq ft and Golf Course Road above ₹300/sq ft. ANAROCK sees the region commanding a 66% share of India's 27M sq ft retail pipeline through 2028.
Delhi-NCR retail real estate hit record leasing and falling vacancies in 2024, with rising rents on high streets and malls. ANAROCK projects the region to dominate India's retail development pipeline through 2028, signaling strong store-expansion opportunity for retailers.