Delhi-NCR retail real estate hits record 2024 leasing as vacancies fall, rents climb
Retail leasing rose 7% YoY to 3.1M sq ft with vacancy dropping to 8.3% from 9%, led by Noida and Gurugram where leasing surged 12-15%. South Ex rentals hit ₹800-1000/sq ft. Region projected to lead India's retail pipeline with 27M+ sq ft planned through 2028, per CBRE and ANAROCK.
Delhi-NCR retail real estate hit record leasing in 2024 with falling vacancies and rising rents, led by Noida and Gurugram. Region projected to lead India's retail pipeline with 27M+ sq ft planned through 2028, per CBRE and ANAROCK.