Delhi-NCR retail real estate booms in 2024 with record leasing and rising rents
Delhi-NCR leased 3.1M sq ft in 2024 (+7% YoY) as vacancy fell to 8.3% from 9% and rents climbed to ₹800-1,000/sq ft in South Extension. Jewar Airport and infrastructure are fueling 12-15% leasing surges in Noida and Gurugram. ANAROCK projects the region to lead 66% of India's retail development pipeline through 2028.
Delhi-NCR retail real estate boomed in 2024 with record leasing, falling vacancy, and rising rents. Infrastructure like Jewar Airport drives Noida/Gurugram demand; ANAROCK projects Delhi-NCR to lead 66% of India's retail development pipeline through 2028.