Delhi-NCR retail leasing hits record 3.1M sq ft in 2024 as vacancy falls and rents climb
Delhi-NCR retail real estate posted 7% YoY leasing growth to 3.1 million sq ft in 2024, with vacancy easing to 8.3% from 9%. Noida and Gurugram led gains, buoyed by Jewar Airport and expressways. ANAROCK projects the region to anchor India's 2024-28 pipeline with 27 million sq ft—66% of total development.
Delhi-NCR retail real estate hit record 2024 leasing, falling vacancy and rising rents. Noida and Gurugram led growth, aided by Jewar Airport and expressways. ANAROCK projects the region to dominate India's 2024-28 retail development pipeline with 27 million sq ft.