Resurfacing a 2024 report: Delhi-NCR retail leasing hit record 3.1M sq ft as vacancy fell, rents climbed
Report resurfaces showing Delhi-NCR retail real estate posted 7% YoY leasing growth to 3.1M sq ft in 2024, with vacancy easing to 8.3% from 9%. Noida and Gurugram led demand on infrastructure gains; high-street rents hit ₹800-1,000/sq ft. ANAROCK saw the region dominating India's 27M sq ft pipeline through 2028.
Delhi-NCR retail real estate hit record highs in 2024 with 7% YoY leasing growth, falling vacancy, and rising rents. Noida and Gurugram drove demand aided by infrastructure; ANAROCK projects the region to dominate India's retail pipeline through 2028.