Delhi-NCR Retail Real Estate Hit Record in 2024 With 3.1M Sq Ft Leasing as Vacancy Fell — Resurfacing 2024 Data
Resurfacing a full-year 2024 report: Delhi-NCR retail leasing rose 7% YoY to 3.1M sq ft in 2024, with vacancy dropping to 8.3% from 9% and prime South Extension rents at ₹800-1,000/sq ft. A 27M sq ft pipeline through 2028 — led by Noida and Gurugram — set the stage for aggressive store expansion.
Delhi-NCR retail real estate hit a record 2024 with 3.1M sq ft leasing, falling vacancy, rising rents, and a large development pipeline led by Noida and Gurugram — key context for retail store expansion planning.