Delhi-NCR retail leasing rise resurfaces: mall vacancies fell and high-street rents climbed in a December 2024 report
Resurfacing a December 2024 report: Delhi-NCR retail real estate recorded stronger 2024 leasing, with Noida and Gurugram up 12-15%. Premium-mall vacancy fell to 8.3%, while the region has more than 27 million sq. ft. of retail supply planned through 2028.
Delhi-NCR retail real estate saw record 2024 leasing, lower premium-mall vacancies and higher rents. Noida and Gurugram leasing grew 12-15%, while the region is expected to add over 27 million sq. ft. of retail space through 2028.
Why this matters
The resurfaced report reinforces recent signals on Delhi-NCR's 2024 leasing gains, rising retail rents and premium-mall vacancy falling to 8.3%, alongside the related signal on a 27 million sq. ft. retail pipeline through 2028.
Footfall is steady at 478 signals in 90 days; no QoQ change figure is provided.