Delhi-NCR retail leasing hits record 3.1M sq ft in 2024 as vacancy falls to 8.3%
Delhi-NCR retail leasing rose 7% YoY to 3.1M sq ft in 2024 while vacancy dropped to 8.3% from 9%, per CBRE. Noida and Gurugram saw 12-15% leasing surges on infrastructure gains. ANAROCK projects the region to lead India's retail pipeline with 27M+ sq ft planned through 2028.
Delhi-NCR retail real estate hit record leasing in 2024 with falling vacancy, rising rents, and infrastructure-driven growth in Noida and Gurugram. ANAROCK projects the region to dominate India's retail pipeline through 2028 with over 27M sq ft planned.