Delhi-NCR retail leasing and rents rise as premium-mall vacancy falls
Delhi-NCR’s retail market strengthened in 2024, led by Noida and Gurugram leasing growth. Premium-mall vacancy declined while high-street rents climbed, with more than 27 million sq. ft. of retail supply projected through 2028.
Delhi-NCR retail real estate recorded strong 2024 leasing and rent growth, led by Noida and Gurugram. Falling mall vacancy, infrastructure upgrades and projected 27 million sq. ft. of new supply through 2028 signal expanding opportunities for retailers and consumer brands.
Why this matters
No prior related signals were provided. The 2024 gains in leasing and rents establish a stronger base as Delhi-NCR prepares for significant retail supply additions through 2028.
Retail-company signals are accelerating, up +935700% QoQ.