Delhi-NCR retail real estate hits record 3.1M sq.ft leasing in 2024 as vacancy falls to 8.3%
Noida and Gurugram drive a 12-15% leasing surge while overall Delhi-NCR leasing climbs 7% YoY and vacancy tightens from 9% to 8.3%. South Ext rents reach ₹800-1,000/sq.ft and Golf Course Road tops ₹300/sq.ft. ANAROCK projects the region will hold 66% of India's 27M sq.ft retail pipeline through 2028.
Delhi-NCR retail real estate hit record leasing (3.1M sq.ft, +7% YoY) and falling vacancy (8.3%) in 2024, with Noida and Gurugram driving growth. ANAROCK projects the region will hold 66% of India's retail pipeline through 2028.