Delhi-NCR retail real estate hits record 2024 leasing as vacancy falls and rents climb
Delhi-NCR retail leasing reached 3.1M sq ft in 2024, up 7% YoY, with vacancy dropping to 8.3% from 9%, per CBRE and ANAROCK. Noida and Gurugram lead growth, buoyed by Jewar Airport and expressways. Region set to anchor India's 27M sq ft retail pipeline through 2028.
Delhi-NCR retail real estate hit record leasing in 2024 with falling vacancy and rising rents, per CBRE and ANAROCK. Noida and Gurugram lead, aided by Jewar Airport and expressways; region to dominate India's retail development pipeline through 2028.