Delhi-NCR retail real estate hits record 2024 leasing as vacancy drops and rents climb
CBRE data shows 3.1M sq ft leased in Delhi-NCR (+7% YoY) with vacancy easing to 8.3% from 9%. Noida and Gurugram lead on infrastructure like Jewar Airport, driving 12-15% leasing surges. Prime rents reach ₹800-1,000/sq ft in South Extension. ANAROCK sees NCR dominating India's 27M sq ft 2024-28 development pipeline.
Delhi-NCR retail real estate hit record 2024 leasing with falling vacancy and rising rents. Noida and Gurugram drove growth on infrastructure like Jewar Airport; ANAROCK projects NCR to dominate India's 2024-28 retail development pipeline with 27M sq ft.