Resurfacing a December 2024 report: Delhi-NCR retail leasing and rents rose as premium-mall vacancy declined
Per a report resurfacing from December 2024, Delhi-NCR’s premium-mall vacancy fell to 8.3% in 2024 from 9% a year earlier, while Noida and Gurugram retail leasing grew 12–15%. More than 27 million sq ft of retail development is planned across the region for 2024–2028.
Delhi-NCR retail real estate saw record 2024 leasing, declining premium-mall vacancy and rising rents. Noida and Gurugram leasing grew 12–15%, aided by infrastructure including Jewar Airport. The region is expected to lead India’s retail development pipeline through 2028.
Why this matters
The report reinforces recent Delhi-NCR signals showing retail leasing gains alongside tightening premium-mall vacancies, rising rents and stronger high-street demand.
Footfall is steady, with 487 related signals recorded over the past 90 days.