Delhi-NCR retail real estate hits record leasing in 2024 as vacancy falls and rents climb
CBRE data shows 3.1M sq ft leased (+7% YoY) with vacancy down to 8.3%. South Ext rentals hit ₹800-1,000/sq ft. Region set to dominate India's pipeline with 27M sq ft planned through 2028—66% of total—signaling strong physical-store expansion runway for retailers.
Delhi-NCR retail real estate hit record 2024 leasing with falling vacancy and rising rents, driven by Noida/Gurugram infrastructure. Region set to dominate India's retail pipeline with 27M sq ft planned, signaling strong physical-store expansion opportunity for retailers.