Delhi-NCR retail rents rose as premium mall vacancy fell to 8.3%, resurfacing a 2024 report
Resurfacing data from early 2024: Delhi-NCR retail leasing and high-street rents strengthened in 2024, with demand accelerating in Noida and Gurugram. The region is projected to add more than 27 million sq ft of retail space between 2024 and 2028.
Delhi-NCR retail real estate posted record 2024 leasing, lower mall vacancies and higher high-street rents. Infrastructure including Jewar Airport and Dwarka Expressway is driving Noida and Gurugram demand, while the region is projected to deliver over 27 million sq ft of retail space by 2028.
Why this matters
The resurfaced 2024 data aligns with recent signals reporting a 45% Q1 leasing jump led by fashion and F&B and a 27 million sq ft retail pipeline through 2028.
retail-company is accelerating, up 308150% QoQ.