Delhi-NCR retail real estate hits record leasing in 2024 as vacancy falls to 8.3%
CBRE data shows 3.1M sq ft leased (+7% YoY) across Delhi-NCR, with vacancy dropping to 8.3% from 9% and rents climbing. Noida and Gurugram lead, boosted by Jewar Airport, as NCR is set to dominate 66% of India's 27M sq ft retail pipeline through 2028.
Delhi-NCR retail real estate hit record leasing in 2024, with vacancy falling to 8.3% and rising rents. Noida and Gurugram lead growth, aided by Jewar Airport; NCR to dominate 66% of India's retail pipeline through 2028.