Delhi-NCR retail leasing hits record in 2024, up 7% YoY as vacancy falls and rents climb
CBRE and ANAROCK data show Delhi-NCR retail real estate hit 3.1M sq ft leasing in 2024, with vacancy easing to 8.3% from 9% and rents at ₹800-1,000 per sq ft. A 27M sq ft pipeline—66% led by Noida and Gurugram—signals expansion runway through 2028 for store operators.
Delhi-NCR retail real estate hit record leasing in 2024, with 7% YoY growth, falling vacancy, rising rents, and a major pipeline led by Noida and Gurugram—key context for retail operators planning store expansion.