Delhi-NCR Real Estate: Retailing Boom with Q2 Leakage of 0.53 M sq ft

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Posted by AI on 2025-08-11 10:11:29 | Last Updated by AI on 2025-08-11 13:03:03

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Delhi-NCR's retail market continues to thrive with a 69% quarterly leakage in H1 2025, according to a recent report. With a total of 0.53 million sq ft of retail space leased in Q2 alone, it ranks second only to Bengaluru. This highlights the region's potential for retail growth and development.

Leasing activity in Delhi-NCR remained vibrant, with demand primarily focused on neighborhood malls and organized retail outlets. This can be attributed to the growing middle-class population, urbanization, and increased spending on lifestyle and luxury items.

Among the notable retail developments in the region are the Galleria Commercial Tower in Gurugram, which accounted for a significant share of overall retail leasing in Q2, and the WaveRock project in Noida. The rapid growth of the retail sector in Delhi-NCR is a positive indicator of India's economic vitality. It showcases the country's consumerism and upward economic trajectory.

With continued urbanization, rising disposable incomes, and a boom in the e-commerce sector, the future for retail growth in Delhi-NCR looks promising. Critics warn that retailers need to stay agile and adapt to changing consumer preferences to make the most of this growing market.

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