Delhi-NCR retail real estate hits record 3.1M sq ft leasing in 2024 as vacancy dips to 8.3%
Delhi-NCR retail leasing rose 7% YoY to 3.1M sq ft in 2024 while vacancy fell from 9% to 8.3%. Noida and Gurugram led with 12-15% leasing surges, aided by infrastructure like Jewar Airport. The region anchors 27M+ sq ft of pipeline (66% of India's total) through 2028.
Delhi-NCR retail real estate hit record leasing and lower vacancy in 2024, with Noida and Gurugram leading on infrastructure like Jewar Airport. The region is set to dominate India's retail development pipeline through 2028 with 27M+ sq ft planned.