Delhi-NCR retail real estate hits record 2024: leasing up 7% to 3.1M sq ft, vacancy falls to 8.3%
CBRE and ANAROCK data show Delhi-NCR leading India's retail property surge, with Noida and Gurugram driving growth on the back of Jewar Airport and expressway connectivity. Rents climb sharply—South Ext at ₹800-1,000/sq ft—as NCR holds 66% of major cities' 27M sq ft pipeline through 2028.
Delhi-NCR retail real estate had a record 2024 with rising leasing, falling vacancy, and higher rents, per CBRE and ANAROCK. Noida and Gurugram lead growth, backed by Jewar Airport and expressways; NCR to dominate India's retail pipeline through 2028.
Why this matters
CBRE and ANAROCK data confirm Delhi-NCR's record 2024 retail run, echoing prior signals on rising 3.1M sq ft leasing, falling vacancies and climbing rents across Noida and Gurugram.
Retail-company theme accelerating at +721600% QoQ.