Delhi-NCR retail leasing rose as mall vacancies tightened and high-street rents climbed in 2024
Delhi-NCR’s retail property market saw stronger leasing in Noida and Gurugram, lower premium-mall vacancy and rising rents on key high streets. More than 27 million sq ft of retail development is planned across the region through 2028.
Delhi-NCR retail real estate saw record 2024 leasing, lower mall vacancies and rising high-street rents. Noida and Gurugram led demand, while constrained supply and a 27 million sq ft pipeline position the region as India’s leading retail-development market through 2028.
Why this matters
The signal extends recent resurfaced coverage of 2024 leasing growth, premium-mall vacancy falling to 8.3%, and a 27 million sq ft retail pipeline through 2028.
Retail-company is accelerating, up +221800% QoQ.