Delhi NCR MarketBeat Reports
Suvishesh Valsan • 01/10/2025
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 recorded gross leasing volume (GLV) of ~5.1 MSF in Q3-25, up 10% q-o-q. IT-BPM led demand with 35% share, followed by engineering & manufacturing (19%) and BFSI (9%). Gurugram dominated with 72% share, followed by Noida and Delhi submarkets with 24% and 4% shares, respectively. Net absorption reached 3.8 MSF, bringing YTD absorption to 9.0 MSF, up 105% y-o-y. Rentals rose 2-4% q-o-q.
Delhi NCR Retail Report
Delhi NCR recorded retail leasing volumes of ~0.5 MSF in Q3-25, up 70% q-o-q. Gurugram led with 68% share, followed by Noida (20%) and Delhi (12%). Main streets dominated with ~66% of leasing. Main street leasing in Q3-25 was 1.5x more than last year's, while malls witnessed a 31% uptick. The F&B segment led with 40% share, followed by Wellness and Entertainment at 12% each.
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
Kolkata – Emergence of a Major Warehousing and Logistics Destination
Kolkata’s emergence as a major national warehousing and warehousing destination over the past few years highlights a significant shift in the city’s and region’s real estate sector and puts it on a firm pedestal for future growth.
06/02/2025
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