Delhi-NCR retail leasing hits record in 2024 as vacancy falls and rents climb
Retail leasing rose 7% YoY to 3.1M sq ft while premium mall vacancy dropped to 8.3% from 9%, per CBRE and ANAROCK. Noida and Gurugram lead with 12-15% leasing growth, and NCR is set to anchor 66% of India's 27M+ sq ft development pipeline through 2028.
Delhi-NCR retail real estate hit record leasing in 2024 with falling vacancy and rising rents, per CBRE and ANAROCK. Noida and Gurugram lead growth, and the region is projected to dominate India's retail development pipeline through 2028.