Delhi-NCR retail leasing hit record high in 2024 as vacancy fell to 8.3%, resurfacing early-2024 data
Resurfacing a January 2024 report: CBRE and ANAROCK data showed Delhi-NCR retail absorption up 7% YoY to 3.1 million sq ft, with rents climbing in Gurugram and Noida. A 27 million sq ft development pipeline through 2028—66% of India's total—signaled sustained investor confidence ahead of Jewar Airport's opening.
Delhi-NCR retail real estate hit record leasing in 2024, with falling vacancy, rising rents in Gurugram/Noida, and infrastructure projects like Jewar Airport driving India's largest retail development pipeline through 2028.