Delhi-NCR retail real estate hits record 2024 leasing as vacancies fall, rents climb
NCR logged 3.1M sq ft leasing (+7% YoY) with vacancy easing to 8.3% from 9%. High-street rentals hit ₹800-1,000/sq ft, led by Noida and Gurugram demand boosted by Jewar Airport and expressways. Anarock projects NCR to command 66% of India's 27M sq ft retail pipeline through 2028.
Delhi-NCR retail real estate hit record 2024 leasing with falling vacancies and rising rents. Noida and Gurugram lead demand, boosted by Jewar Airport and expressways. Anarock projects NCR to lead India's 27M sq ft retail pipeline through 2028.