Delhi-NCR retail leasing hits record in 2024 as vacancy falls and rents climb
CBRE and ANAROCK report India retail leasing up 7% YoY to 3.1M sq ft, with vacancy easing to 8.3% from 9%. Noida and Gurugram lead the surge, and NCR is set to command 66% of the 27M sq ft retail pipeline through 2028. Prime rents in South Ext touch ₹800-1,000/sq ft.
Delhi-NCR retail real estate hit record leasing in 2024 with falling vacancy and rising rents, led by Noida and Gurugram. CBRE/ANAROCK reports show India retail leasing up 7%, with NCR set to dominate 66% of upcoming retail-space pipeline through 2028.