Learn more by clicking our most recent Delhi NCR MarketBeat reports on the various sectors below.
Delhi NCR MarketBeat Reports
06/04/2023
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's leasing activity in Q2-2023 showed a significant improvement, with a 24% increase compared to the previous quarter and a 6% increase compared to the same period last year. The professional services sector led the leasing activity, followed by BFSI and flexible workspaces. Vacancy levels decreased to 24.6% due to strong leasing activity and the absence of new completions, while rentals experienced a marginal increase
Delhi NCR Retail Report
Retail leasing in Delhi NCR remained strong in Q2 2023, with a marginal decline compared to the previous quarter. The fashion and F&B sectors were the key drivers of leasing activity in both malls and main streets. Mall vacancy rates decreased due to the absence of new supply, while mall rentals remained steady and certain main streets experienced rental appreciation compared to the same period last year.
Delhi NCR Residential Report
Q2 2023 witnessed a 60% drop in residential unit launches in Delhi NCR compared to the previous quarter, but a 24% increase compared to the same period last year. Gurugram accounted for 80% of the total launches. The luxury segment took the lead in new launches, accounting for 42% of the overall share. During this quarter, the NCR region experienced an overall appreciation in capital and rental values, with Gurugram demonstrating significant growth in both sectors.
Delhi NCR Industrial Report
Warehousing leasing activity in NCR decreased by 47% in H1 2023 compared to the same period last year. However, resilient demand suggests a potential rebound in the future, with Haryana submarkets dominating with a 69% share, being the primary frontrunners in leasing activity. Industrial leasing in Delhi NCR grew by 57% in H1 2023 compared to H2 2022.
India Investment Report
The investment activity recorded in Q2 was INR 158.5 bn (USD 1.92 Bn) which was 63% higher than the previous quarter’s activity and 60% higher than the activity recorded in Q2-22.
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