Delhi-NCR retail real estate hits record 3.1M sq ft leasing in 2024, mall vacancy falls to 8.3%
Delhi-NCR retail leasing rose 7% YoY to 3.1M sq ft in 2024, with mall vacancy dropping to 8.3% from 9% in 2023, per CBRE and ANAROCK data. Noida and Gurugram led growth as rents climbed. The region is projected to dominate India's retail pipeline of 27M sq ft through 2028.
Delhi-NCR retail real estate hit record 2024 leasing (3.1M sq ft, +7% YoY), falling mall vacancy to 8.3%, and rising rents. Noida and Gurugram led growth; region projected to dominate India's retail pipeline through 2028.