Resurfacing a 2024 move: Delhi-NCR retail leasing and rents rose as premium-mall vacancy tightened
Resurfacing data from 2024: Delhi-NCR's retail property market strengthened that year, with Noida and Gurugram leasing up 12–15% and premium-mall vacancy falling to 8.3%. More than 27 million sq. ft. of retail supply is projected for the region through 2028.
Delhi-NCR retail real estate recorded strong 2024 leasing and rent growth as premium-mall vacancy declined. Noida and Gurugram leasing rose 12-15%, supported by infrastructure projects, while more than 27 million sq. ft. of retail supply is projected through 2028.
Why this matters
The signal reinforces recent resurfaced reports on Delhi-NCR leasing acceleration, falling mall vacancies, rising high-street rents and a 27 million sq. ft. supply pipeline.
Footfall is steady at 461 signals in the past 90 days; no QoQ change figure is provided.