Delhi-NCR retail leasing hits record 3.1M sq ft in 2024 as vacancy falls to 8.3%
Delhi-NCR posted a 7% YoY jump in retail leasing to 3.1M sq ft while premium mall vacancy dropped to 8.3%. Noida and Gurugram led growth (+12-15%), aided by Jewar Airport. ANAROCK projects the region to anchor India's retail pipeline with 27M+ sq ft through 2028, as consumer spending rose 12% YoY.
Delhi-NCR retail real estate posted record 2024 leasing, falling vacancy (8.3%), and rising rents. Noida and Gurugram drove growth via infrastructure like Jewar Airport. ANAROCK projects the region to lead India's retail pipeline with 27M+ sq ft through 2028.