Delhi-NCR retail real estate hits record 2024 leasing as vacancy falls and rents climb
Delhi-NCR logged 3.1M sq ft of retail leasing (+7% YoY) in 2024 with vacancy easing to 8.3% from 9%, per CBRE. Noida and Gurugram drive growth; South Ext rents hit ₹800-1,000/sq ft and Golf Course Road tops ₹300/sq ft. Region set to lead India's pipeline with 27M sq ft planned through 2028.
Delhi-NCR retail real estate saw record 2024 leasing, falling vacancy, and rising rents, with Noida and Gurugram as growth drivers. Region projected to lead India's retail pipeline with 27M sq ft planned through 2028.