Delhi-NCR retail leasing rise resurfaces: premium-mall vacancies and high-street rents tightened
Resurfacing a December 2024 report: Delhi-NCR's retail property market strengthened in 2024, with Noida and Gurugram leasing up 12–15%, premium-mall vacancy down to 8.3%, and more than 27 million sq ft of new retail space planned through 2028.
Delhi-NCR retail real estate recorded strong 2024 leasing, falling premium-mall vacancies and higher high-street rents. Infrastructure projects, including Jewar Airport and Dwarka Expressway, are supporting Noida and Gurugram growth, while over 27 million sq ft of future retail supply is planned through 2028.
Why this matters
The resurfaced December 2024 report aligns with recent signals on rising Delhi-NCR retail rents and 8.3% premium-mall vacancy, followed by Q1 2026 leasing growth of 45% led by fashion and F&B demand.
retail-company is accelerating, up 198286% QoQ.