Delhi-NCR retail real estate hits record 3.1M sq ft leasing in 2024 as vacancy falls, rents climb
CBRE data shows Delhi-NCR retail leasing up 7% YoY to 3.1M sq ft in 2024, with vacancy dropping to 8.3% from 9% and rents rising to ₹800-1,000/sq ft in South Ext. Noida and Gurugram infrastructure drives momentum, with 27M sq ft planned through 2028—66% of major-city development pipeline.
Delhi-NCR retail real estate hit record 2024 leasing, falling vacancies, and rising rents, driven by Noida and Gurugram infrastructure. Region set to dominate India's retail pipeline with 27M sq ft planned through 2028, 66% of major-city development.