Retail and Office Demand Converge to Push Rentals Higher in NCR
Mar 20, 2026
Delhi-NCR [India], March 20: Somewhere between the second espresso bar opening on a lane in Gurugram and a European fashion label quietly locking a lease in South Delhi, the retail rental story in Delhi-NCR has shifted again. Not dramatically, but unmistakably. Rents are rising, yes, but the more telling detail is who is willing to pay them. Increasingly, that willingness is being reinforced by a parallel recovery in office markets, where rising corporate occupancy, return-to-office trends, and clusters of Grade-A workplaces are steadily rebuilding the daily consumer base that sustains high street retail.