Delhi-NCR retail leasing hits record 3.1M sq ft in 2024 as vacancy falls and rents climb
CBRE data shows NCR retail leasing up 7% YoY to 3.1M sq ft, with vacancy easing to 8.3% from 9%. Infrastructure like Jewar Airport and Dwarka Expressway fueled 12-15% leasing surges in Noida and Gurugram. South Ex rents hit ₹800-1,000/sq ft as NCR claims 66% of India's 2024-28 retail pipeline.
Delhi-NCR retail real estate hit record leasing in 2024 with falling vacancy and rising rents. Infrastructure like Jewar Airport and Dwarka Expressway drove demand in Noida and Gurugram; NCR set to dominate India's 2024-28 retail pipeline.