Delhi-NCR retail real estate hits record 3.1M sq ft leasing in 2024 as vacancies fall
CBRE data shows Delhi-NCR retail leasing rose 7% YoY to 3.1M sq ft in 2024, with mall vacancy easing to 8.3% and high street rents at ₹800-1,000/sq ft. Noida and Gurugram lead 12-15% growth. The region anchors 66% of India's 27M sq ft retail pipeline through 2028.
Delhi-NCR retail real estate hit record leasing in 2024, with falling mall vacancies, rising rents, and 12-15% growth in Noida and Gurugram. The region is set to lead India's retail development pipeline through 2028.