Delhi-NCR retail leasing hits record 3.1M sq ft in 2024 as vacancy falls and rents climb
Delhi-NCR retail real estate posted record 2024 leasing of 3.1 million sq ft (+7% YoY) with vacancy easing to 8.3% from 9%, driven by Noida and Gurugram. ANAROCK projects 27 million sq ft of planned supply through 2028, making the region 66% of India's major-city pipeline.
Delhi-NCR retail real estate hit record 2024 leasing (3.1M sq ft, +7% YoY), falling vacancy (8.3%) and rising rents, driven by Noida and Gurugram; ANAROCK projects the region to dominate India's retail pipeline through 2028.