Delhi-NCR retail leasing rise as premium-mall vacancies tighten resurfaces from December 2024 report
A resurfacing December 2024 report shows Delhi-NCR retail property saw stronger 2024 leasing and rising high-street rents, with Noida and Gurugram leasing up 12–15%. The region is projected to add more than 27 million sq. ft. of retail space between 2024 and 2028.
Delhi-NCR retail property posted record 2024 leasing, lower mall vacancies and higher rents, aided by infrastructure including Jewar Airport and Dwarka Expressway. Noida and Gurugram leasing rose 12-15%, while the region is projected to deliver over 27 million sq. ft. of retail space by 2028.
Why this matters
The resurfaced report aligns with prior signals on falling Delhi-NCR mall vacancies and rising high-street rents, plus Q1 2026 data showing leasing up 45% as fashion and F&B demand grew.
Store-opening is steady at 1,522 signals in 90 days; no QoQ figure was provided.