Learn more by clicking our most recent Delhi NCR MarketBeat reports on the various sectors below.
Delhi NCR MarketBeat Reports
15/01/2025
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
CURRENT MARKETBEATS
Delhi NCR Office Report
Delhi NCR office market saw gross leasing volume (GLV) of 3.0 MSF in Q4 2024. Fresh leases comprised ~62% share, followed by churn deals (25%), renewals (10%) and pre-commitments (3%). IT-BPM led quarterly demand with 35% share, followed by flexible workspaces (22%). NCR recorded 1.8 MSF during Q4 2024, a 12% y-o-y growth. GCR extension accounted for ~25% of the annual GLV, a 2X growth as compared to 2023. Supply addition of ~1.27 MSF was witnessed while rentals increased 2-7% q-o-q.
Delhi NCR Retail Report
Delhi NCR saw retail leasing volumes of 0.2 MSF in Q4-24. Main streets accounted for 59% of the share. Delhi NCT dominated with 46% share, followed by Gurugram (36%) and Noida (18%). Fashion segment led space take-up with 27% share, followed by accessories & lifestyle (22%) and F&B (20%). Headline mall vacancy declined to 12.52%, superior malls maintained very tight vacancy of ~3%. Among main streets, Galleria Market (Gurugram) witnessed 4% q-o-q growth while Khan Market and Connaught Place registered a jump of 7% - 10% on y-o-y basis.
Delhi NCR Residential Report
Delhi NCR witnessed an influx of 4,033 residential launches in Q4-24. 2024 marked a 9-year high in new supply with an 82% growth compared to 2023. Gurugram led supply with a 77% share followed by Noida Extension area. Launches in Noida grew almost ~2X compared to 2023. High-end and luxury spaces gained momentum with 38% share. Capital values rose 2-4% q-o-q in most markets in the high-end segment, with Gurugram and Noida reporting 10% and 9% y-o-y growth respectively. Rental values increased 4-7% y-o-y in Gurgaon and Noida.
Delhi NCR Industrial Report
Delhi NCR witnessed strong leasing of 4.76 MSF during H1 2024, a 56% increase from H2 2023. Noida and Farukhnagar dominated H1 leases with 32% share. Automobile and e-commerce segment contributed ~13% share each in H1 2024. Two prominent land transactions were recorded during the period at Farukhnagar and Faridabad. Quoted rentals in prime warehousing markets of NCR experienced a 5-10% y-o-y growth. Industrial micro markets such as Dharuhera and Bawal witnessed rental growth of 6% y-o-y.
India Capital Market Report
Q2 2024 witnessed massive investment inflows amounting to INR 231.5 Bn (USD 2.77 Bn), marking a 1.5x q-o-q growth. The Logistics & Industrial (L&I) segment led with 56% share.
RELATED INSIGHTS
Article
Aditya Birla Fashion and Retail Limited Chennai
Adyar is a very prime & sought-after high street in Chennai and therefore a short-supply market. Aditya Birla Fashion and Retail Limited (ABFRL) was looking out for a property to set up their store in the area.
18/06/2021
Article
Tata Cromā, a leading consumer electronics and durable retail chain in India, wanted to open a new store in Guntur.
17/06/2021
Podcast
Podcast: Logistics & Industrial in India
With international business looking seriously at India to take advantage of the world's second largest population - India is a complex and fascinating part of the world, for both investors and occupiers alike.
Rob Hall • 16/10/2020