What are the 5 areas that are leading the commercial leasing activities in Delhi NCR?
The redeeming fact about Delhi NCR is its fast emergence as a retail destination. Retail businesses of every ilk, from high end luxury retail brands to coffee shops, prefer to launch their stores in this geography ahead of any other. These facts make Delhi NCR the foremost commercial leasing market in India. After a hiatus of almost two years due to Covid, the commercial leasing activity in the region is back with a vengeance. It recorded a staggering 55% y-o-y growth in gross leasing during Q1 2022. This was led by professional services and e-commerce segments with respective shares of 17% and 13%. Healthcare & pharma was another sector that recorded traction with an 11% share in leasing. Fresh leasing, including expansion and consolidation by occupiers, constituted 91% share of the quarter’s leasing. Flexible workspaces are finding new occupiers with occupancy levels touching new highs every passing month. Co-working and managed working spaces are fi...