Delhi-NCR retail leasing rise resurfaces: December 2024 report showed rents climbing and 27 million sq ft of supply projected
Resurfacing a December 2024 report: Delhi-NCR's retail market saw stronger leasing and lower premium-mall vacancy in 2024, with Noida and Gurugram gaining momentum. The region is projected to add more than 27 million sq ft of retail space between 2024 and 2028.
Delhi-NCR retail real estate recorded stronger leasing, lower premium-mall vacancies and higher rents in 2024. Noida and Gurugram gained from infrastructure projects, while Delhi-NCR is projected to deliver more than 27 million sq ft of retail space between 2024 and 2028.
Why this matters
The December 2024 findings align with later signals of a 45% Q1 leasing jump led by fashion and F&B demand, plus continued rent gains as premium-mall vacancy fell.
retail-company is accelerating, up +945100% QoQ.