Delhi-NCR retail real estate hit record 2024 leasing as vacancy fell and rents climbed, resurfacing a 2024 report
Resurfacing data from 2024: Delhi-NCR retail leasing rose 7% YoY to 3.1M sq ft that year, with vacancy easing to 8.3%, per CBRE and ANAROCK. Noida and Gurugram led with 12-15% leasing growth as consumer spending climbed 12%. The region was projected to anchor 66% of India's 27M sq ft retail pipeline through 2028.
Delhi-NCR retail real estate hit record 2024 leasing with falling vacancy and rising rents, per CBRE and ANAROCK, driven by Noida and Gurugram. Region projected to lead India's 27M sq ft retail development pipeline through 2028.