Learn more by clicking our most recent Delhi NCR MarketBeat reports on the various sectors below.
Delhi NCR MarketBeat Reports
21/10/2024
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 3.7 MSF in Q3 2024, a 6% q-o-q growth. Fresh space take-up accounted for a ~48% share while pre-commitments contributed 26%. IT-BPM led quarterly demand with 29% share, followed by flexible workspaces (15%). Net absorption stood at 1.8 MSF, reflecting a 24% q-o-q growth. Gurugram led demand, securing 77% share, followed by Noida Expressway (14% share). New supply of 0.3 MSF was witnessed in Q3. City-level rentals rose by 2-7% q-o-q.
Delhi NCR Retail Report
Delhi NCR saw retail leasing volumes of 0.3 MSF in Q3-24. Gurugram led with 44% followed by Delhi (42%) and Noida (14%). F&B dominated space take-up with 28% share, followed by fashion (22% share). Space take-up from wellness brands grew more than 2X q-o-q, reaching 3X of Q3-23 leasing volume. Headline mall vacancy declined to 13.91%. Superior malls recorded tighter vacancies of 3%. Quarterly rental growth was seen in main streets like Galleria Market (20%), Khan Market (7%), Kamla Nagar (13%) and Greater Kailash I (12%).
Delhi NCR Residential Report
In Q3-24, Delhi NCR witnessed an influx of 16,242 residential units, a 59% q-o-q growth. The unit launches in the first nine months of 2024 reflect a significant 121% growth compared to the same period last year. Gurugram led supply with an 88% share. Launches in the high-end segment dominated with a 36% share. Among luxury launches, Dwarka Expressway witnessed majority of unit launches, comprising 20% of the supply. Capital values rose by 21% in Noida and 18% in Gurugram on a y-o-y basis. Rentals rose by 3%-8% in Gurugram and Noida on a y-o-y basis.
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
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Tata Cromā, a leading consumer electronics and durable retail chain in India, wanted to open a new store in Guntur.
17/06/2021
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Cushman & Wakefield retail team successfully transacted 13,000 SF flagship store for Citroen. In addition to be their first showroom in Mumbai, it also is their largest in India.
Anoop Vasudeo • 16/06/2021