Delhi-NCR retail real estate hits record 2024 leasing as premium mall vacancy falls to 8.3%
CBRE data shows NCR retail leasing up 7% YoY to 3.1M sq ft, with Noida and Gurugram surging 12-15% on infrastructure like Jewar Airport. Rents climbed—South Extension at ₹800-1,000/sq ft—while consumer spending rose 12% YoY. NCR set to command 66% of India's 27M sq ft retail pipeline through 2028.
Delhi-NCR retail real estate hit record leasing in 2024, with vacancy falling to 8.3% and rents rising. Noida and Gurugram led growth, backed by infrastructure like Jewar Airport. NCR to dominate 66% of India's retail development pipeline through 2028.