Delhi-NCR retail leasing hits record 3.1M sq ft in 2024 as vacancy falls, rents climb
Delhi-NCR retail real estate leasing rose 7% YoY to 3.1M sq ft in 2024, with vacancy easing to 8.3% from 9% and rents at ₹800-1,000/sq ft in South Ext. Noida and Gurugram lead demand, and the region is projected to command 66% of India's 27M sq ft retail pipeline through 2028.
Delhi-NCR retail real estate hit a record 2024 with leasing up 7% to 3.1M sq ft, falling vacancy, rising rents. Noida and Gurugram lead, and the region is projected to dominate 66% of India's retail pipeline through 2028.
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