Delhi-NCR retail real estate hits record 3.1M sq ft leasing in 2024 as vacancies fall, rents climb
CBRE data shows Delhi-NCR retail leasing rose 7% YoY to 3.1M sq ft in 2024, with vacancy easing to 8.3% from 9%. Prime rents hit ₹800–1,000/sq ft in South Ex and ₹300+/sq ft on Golf Course Road. ANAROCK projects the region to lead India's pipeline with 27M sq ft through 2028.
Delhi-NCR retail real estate hit record leasing in 2024, with vacancies falling and rents rising in Noida and Gurugram. Anarock projects the region will dominate India's retail development pipeline with 27 million sq ft through 2028.