Delhi-NCR retail real estate hits record leasing in 2024 as vacancies fall and rents climb
National retail leasing rose 7% YoY to 3.1M sq ft in 2024 with vacancy dropping to 8.3% from 9%. Noida and Gurugram lead NCR growth, high-street rentals hitting ₹800-1,000/sq ft. ANAROCK sees NCR dominating a 27M sq ft pipeline through 2028.
Delhi-NCR retail real estate hit record leasing (3.1M sq ft nationally, +7% YoY) in 2024 with falling vacancies and rising rents. Noida and Gurugram lead growth; ANAROCK projects NCR to dominate India's retail pipeline through 2028.