Delhi-NCR retail real estate hits record 3.1M sq ft leasing in 2024 as vacancy drops to 8.3%
Noida and Gurugram lead rental growth, with Golf Course Road rentals topping ₹300/sq ft and South Ext at ₹800-1,000/sq ft. Consumer spending rose 12% YoY. ANAROCK projects Delhi-NCR will dominate India's retail pipeline through 2028 with 27M sq ft planned, 66% of the total.
Delhi-NCR retail real estate hit record leasing and falling vacancy in 2024, with Noida and Gurugram leading rental growth. ANAROCK projects the region will dominate India's retail pipeline through 2028 with 27 million sq ft planned.