India, Dec. 30 -- Across the National Capital Region (NCR), the commercial real estate market moved from recovery to consolidation, with Gurugram emerging as the region's growth engine. Strong leasing numbers, tightening vacancies and sustained occupier confidence translated into much-needed impetus for the office and retail segments, positioning Gurugram as NCR's most resilient commercial ecosystem.

According to Knight Frank, a global real estate consultancy firm, Delhi-NCR recorded its highest-ever office leasing of around 7.2 million square feet in the first half of 2025.Gurugram alone accounted for nearly 65% of this absorption, marking a rise of about 900 basis points compared to the same period last year. The surge was driven large...