Delhi-NCR retail leasing hits record 3.1M sq ft in 2024 as vacancies fall and rents climb
CBRE and ANAROCK peg Delhi-NCR as India's top retail pipeline through 2028, with 27M sq ft (66% of total) planned. Noida and Gurugram lead a 7% YoY leasing rise, vacancy dips to 8.3% from 9%, and high-street rents hit ₹800-1,000/sq ft amid 12% higher consumer spending.
Delhi-NCR retail real estate hit record leasing in 2024 with falling vacancies and rising rents, led by Noida and Gurugram. CBRE and ANAROCK project the region to dominate India's retail pipeline through 2028 with 27M sq ft planned.