Learn more by clicking our most recent Delhi NCR MarketBeat reports on the various sectors below.
Delhi NCR MarketBeat Reports
30/01/2025
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
AUTHOR
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 warehouse leasing of 3.6 MSF. Sonipat led with 31% share, followed by Gurugram (20%) and Farukhnagar (14%). Industrial leasing stood at 0.5 MSF, recording 1.75X growth from H1-24. Greater Noida sub-market comprised 67% of industrial leasing, followed by Faridabad (20%) and Sonipat (13%). Engineering & Manufacturing led warehouse demand with 41% share. Warehouse rent in the Hassangarh and Palwal sub-markets grew 6% and 11% y-o-y respectively. Land rates in Noida Phase II and Greater Noida regions witnessing over 40% appreciation.
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
Insights • Workplace
In this guide we provide you with a comprehensive office fit out cost breakdown. Read on to find out more.
Dominic Brown • 05/03/2025
Insights • Investment / Capital Markets
Mumbai’s Office-SEZs get a new lease of life as leasing volume surge
Mumbai witnessed an unprecedented rise in leasing done in SEZ-designated (Special Economic Zone) buildings with 1.50 MSF of lease transactions recorded in these buildings in 2024.
06/02/2025
Research • Workplace
REWORKING the Office Asia Pacific
Our ‘REWORKING’ series examines decision-making for occupiers under four key considerations: Cost, Carbon, Culture and Community – under which the changing demands, needs and impacts on office spaces and strategies can be examined.
Khurshed Gandhi • 03/11/2023