ASIA PACIFIC OUTLOOK 2025

DELHI NCR

NEW SUPPLY

NCR is expected to witness new completions of around ~13 msf in 2025 and 2026.

0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0

Under-construction projects are located mostly across Aerocity in Delhi, Golf Course Extension Road in Gurugram and along the Expressway in Noida.

FORECAST

The future supply pipeline remains healthy, particularly in 2027 and 2028.

NEW SUPPLY (MSF)

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield