Delhi-NCR retail leasing hits record 3.1M sq ft in 2024 as vacancy falls and rents climb
CBRE and ANAROCK data show Delhi-NCR retail real estate booming in 2024, with leasing up 7% YoY to 3.1M sq ft and vacancy dropping to 8.3% from 9%. Noida and Gurugram led with 12-15% leasing growth, while NCR holds 66% of India's 27M sq ft development pipeline through 2028, signaling expanding store-footprint opportunities.
Delhi-NCR retail real estate hit record leasing in 2024 with falling vacancy and rising rents, led by Noida and Gurugram. CBRE/ANAROCK data shows NCR will dominate India's retail development pipeline, signaling expanding store footprint opportunities for retailers.