Delhi-NCR retail leasing hits record 3.1M sq ft in 2024 as vacancies fall and rents climb
Delhi-NCR retail real estate leasing rose 7% YoY to 3.1M sq ft in 2024, with vacancy dropping to 8.3% from 9% and rents surging across prime corridors like South Extension (₹800-1,000/sq ft) and Golf Course Road (₹300+/sq ft). Noida and Gurugram lead the momentum, and Anarock projects the region to command 66% of India's 27M sq ft development pipeline through 2028.
Delhi-NCR retail real estate hit record leasing (3.1M sq ft, +7% YoY), falling vacancies, and rising rents in 2024, driven by Noida and Gurugram; Anarock projects the region to lead 66% of India's retail development pipeline through 2028.