Delhi-NCR retail leasing hits record in 2024 as mall vacancy falls and rents climb
Delhi-NCR retail leasing rose 7% YoY to 3.1M sq ft in 2024, with premium mall vacancy dropping to 8.3% from 9% and consumer spending up 12%. Noida and Gurugram drove 12-15% leasing gains. Anarock projects the region will lead India's retail pipeline with 27M sq ft planned through 2028.
Delhi-NCR retail real estate hit record leasing in 2024 with falling mall vacancy and rising rents, driven by Noida and Gurugram. Anarock projects the region will dominate India's retail pipeline through 2028 with 27M sq ft planned.