Resurfacing 2024 data: Delhi-NCR retail leasing rose as mall vacancies fell and high-street rents climbed
Delhi-NCR’s retail property market strengthened in 2024, with rising leasing in Noida and Gurugram, premium mall vacancy dropping to 8.3%, and key high-street rents increasing. More than 27 million sq ft of retail supply is planned across the region through 2028.
Delhi-NCR retail real estate recorded stronger 2024 leasing, lower mall vacancy and rising high-street rents. Noida and Gurugram led growth, supported by infrastructure projects. ANAROCK forecasts over 27 million sq ft of planned regional retail space through 2028.
Why this matters
The signal extends recent resurfaced reports of 12–15% leasing growth and 8.3% premium-mall vacancy, alongside a 27 million sq ft pipeline and a December 2024 report on rising rents.
Footfall is steady, with 549 signals in 90 days; no QoQ percentage is provided in the input.