Delhi-NCR retail leasing hits record in 2024 as vacancy falls and rents climb
CBRE data shows Delhi-NCR retail leasing rose 7% YoY to 3.1M sq ft in 2024, with vacancy easing to 8.3% from 9% and high-street rentals at ₹800-1,000/sq ft. Noida and Gurugram lead demand; ANAROCK projects the region to hold 66% of India's 27M+ sq ft retail pipeline through 2028.
Delhi-NCR retail real estate saw record 2024 leasing, falling vacancy, and rising rents, with Noida and Gurugram driving mall and high-street demand; ANAROCK projects the region to dominate India's retail space pipeline through 2028.
Why this matters
CBRE's record 2024 leasing figures reinforce the run of signals on Delhi-NCR retail momentum, with vacancy falling to 8.3% and rents climbing across high streets led by Noida and Gurugram.
Retail-company theme accelerating at +696500% QoQ.