Resurfacing 2024 data: Delhi-NCR retail leasing rose as rents climbed; 27 mn sq ft pipeline planned through 2028
Report resurfaces showing Delhi-NCR's retail market recorded stronger leasing and rising high-street rents in 2024, while premium-mall vacancy declined. More than 27 million sq ft of retail space is planned across the region between 2024 and 2028, led by Noida and Gurugram mixed-use development.
Delhi-NCR retail real estate saw record 2024 leasing, lower premium-mall vacancy and higher high-street rents. Infrastructure-led growth in Noida and Gurugram is supporting new mixed-use projects, with over 27 million sq. ft. of retail space planned through 2028.
Why this matters
The signal reinforces recent Delhi-NCR reports of stronger retail leasing, tighter premium-mall vacancies and rising rents, while adding the region's 2024-2028 development pipeline.
Footfall is steady, with 492 signals recorded in the past 90 days.