Resurfacing 2024 data: Delhi-NCR retail real estate hit record 3.1M sq ft leasing as vacancy dropped to 8.3%
CBRE India data, resurfacing from 2024, shows Delhi-NCR retail leasing grew 7% YoY to 3.1 million sq ft that year, with vacancy falling to 8.3% and rents climbing to ₹800-1,000 per sq ft in prime South Extension. Noida and Gurugram, boosted by Jewar Airport and expressways, anchor a 27 million sq ft pipeline through 2028.
Delhi-NCR retail real estate hit record leasing in 2024, with vacancy falling to 8.3% and rising rents. Noida and Gurugram, aided by Jewar Airport and expressways, drive growth; NCR to dominate India's retail pipeline through 2028.