Delhi-NCR retail leasing rose 12–15% in 2024 as premium mall vacancy dropped to 8.3%, data resurfacing from early 2024 shows
Retail demand in Noida and Gurugram accelerated in 2024, lifting rents across key high streets and malls. Delhi-NCR is also set to account for 66% of the retail supply pipeline across major Indian cities through 2028.
Delhi-NCR retail real estate saw record 2024 leasing, falling mall vacancies and higher rents, led by Noida and Gurugram. Connectivity projects, including Jewar Airport and Dwarka Expressway, are supporting demand, while the region is projected to lead India’s retail development pipeline through 2028.
Why this matters
The signal extends recent Delhi-NCR reports of rising leasing and rents, 27 million sq ft of planned supply, and a 45% Q1 leasing jump driven by fashion and F&B demand.
retail-company is accelerating, up 221500% QoQ.