Delhi-NCR retail leasing hits record 3.1M sq ft in 2024 as vacancy falls to 8.3%
NCR retail real estate posted record leasing in 2024, up 7% YoY, with vacancy dropping to 8.3% from 9% in 2023. Noida and Gurugram led growth, backed by Jewar Airport and expressways. Anarock projects NCR to hold 66% of India's 27M sq ft retail pipeline through 2028.
Delhi-NCR retail real estate hit record leasing in 2024 with vacancy falling to 8.3% and rising rents. Noida and Gurugram drove growth, aided by Jewar Airport and expressways. Anarock projects NCR to dominate India's retail pipeline through 2028.