Delhi NCR MarketBeat Reports
Suvishesh Valsan • 03/07/2025
Cushman & Wakefield Delhi NCR 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 4.6 MSF in Q2-25, a 68% q-o-q growth while net absorption stood at 1.4 MSF. IT–BPM led with 30% share, followed by professional services firms (21%) and engineering and manufacturing (13%). Gurugram comprised 70% of Q2 leasing, followed by Noida (25%) and Delhi (5%). 65% of Q2 deals comprised of fresh space take-up. Delhi NCR witnessed ~ 2.7 MSF of supply addition with reduced vacancies compared to Q1-25. Rentals increased by 2-4% q-o-q.
Delhi NCR Retail Report
Delhi NCR saw retail leasing volumes of 0.3 MSF in Q2-25. High street sites secured 2/3rd of the transactions. Gurugram dominated with 41% share, followed by Noida (35%) and Delhi NCT (24%). Fashion segment led space take-up with 21% share, followed by F&B and the wellness segment (20% share each). Headline mall vacancy stood at 11.9% with superior malls recording a very tight vacancy of ~3%. Rentals in Galleria Market, Connaught Place and Khan Market grew 20%, 14% and 7% y-o-y respectively.
Delhi NCR Residential Report
Delhi NCR recorded 10,245 residential unit launches in Q3-25, a 12% q-o-q rise. New Gurgaon and Dwarka Expressway led with 23% and 20% shares, respectively, followed by Greater Noida at 14%. The mid-end segment dominated with 51% share, followed by high-end (26%) and luxury (22%) projects. Gurugram remained the preferred destination for luxury housing, comprising 87% share. High-end residential submarkets in NCR recorded capital appreciation of 5-6% y-o-y. Rental values improved modestly, up 1-2% q-o-q.
Delhi NCR Industrial Report
Delhi NCR witnessed warehouse leasing of 4.8 MSF, 34% higher than H2-24. The Gurgaon sub-market led with a 47% share, followed by Farrukhnagar (27%), and Ghaziabad (19%). E-commerce firms topped warehouse space take-up with 30% share. The city saw industrial shed leasing of 0.3 MSF.
India Capital Market Report
Cushman & Wakefield India Capital MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
CONTACT
RELATED INSIGHTS
Research
Premiumisation of India's Retail Sector: Upscaling, Upgrading and Evolving
A young population and its growing wealth are catalysts for India’s retail sector to transition towards Premiumisation.
Suvishesh Valsan • 15/04/2025
Insights
Trends to look out for in Warehousing & Logistics industry in 2021
Warehousing is the nerve centre of the logistics industry. The industry creates time utility and bridges the time gap between the production and consumption of goods.
Abhishek Bhutani • 21/01/2021
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