Delhi-NCR retail leasing hits record in 2024 as vacancy falls and high-street rents climb
CBRE data shows Delhi-NCR retail leasing up 7% YoY to 3.1M sq ft with vacancy easing to 8.3% and high-street rents at ₹800-1,000/sq ft. Consumer spending rose 12% YoY and ANAROCK projects a 27M sq ft pipeline through 2028, backed by Jewar Airport infrastructure — signaling strong store-expansion runway for retailers.
Delhi-NCR retail real estate hit record leasing in 2024, with vacancy falling and rentals rising, driven by infrastructure like Jewar Airport. ANAROCK projects the region will lead India's retail pipeline through 2028, signaling strong store-expansion opportunity for retailers.