Delhi-NCR retail real estate hits record 3.1M sq ft leasing in 2024 as vacancies fall, rents climb
Delhi-NCR retail leasing rose 7% YoY to 3.1M sq ft while vacancy dropped to 8.3% from 9%. Noida and Gurugram led with 12-15% surge, buoyed by Jewar Airport and expressways. ANAROCK projects the region will anchor India's retail pipeline through 2028 with 27M+ sq ft planned — 66% of total development.
Delhi-NCR retail real estate hit record leasing in 2024 with falling vacancies and rising rents. Noida and Gurugram led growth, aided by Jewar Airport and expressways. ANAROCK projects region will dominate India's retail pipeline through 2028 with 27M+ sq ft planned.