Delhi-NCR retail real estate hits record 3.1M sq ft leasing in 2024 as vacancy falls
Delhi-NCR retail leasing rose 7% YoY to 3.1M sq ft in 2024 while vacancy dropped to 8.3% from 9%, per CBRE and ANAROCK. Noida and Gurugram infrastructure drove a 12-15% leasing surge, with rents at ₹800-1,000 per sq ft in South Extension. The region is set to lead India's pipeline with 27M sq ft planned through 2028.
Delhi-NCR retail real estate hit record leasing (3.1M sq ft, +7% YoY) and falling vacancy in 2024, driven by Noida and Gurugram infrastructure. Region set to lead India's retail pipeline with 27M sq ft planned through 2028.