Delhi-NCR retail leasing climbs 45% in Q1 as fashion and F&B fuel demand
Delhi-NCR leased 0.59 million sq ft of retail space in Q1 2026, accounting for 30% of activity across India’s top eight cities. Malls captured 64% of local leasing, while limited quality supply contributed to a 10% decline in eight-city volumes.
Delhi-NCR retail leasing rose 45% to 0.59 million sq ft in Q1 2026, led by fashion and F&B demand. Mall leasing dominated, while constrained availability of quality space reduced total leasing across India’s eight largest cities.
Why this matters
The leasing increase follows signals that Delhi-NCR’s retail pipeline exceeds 27 million sq ft through 2028 as vacancy eases, while rents rose as premium mall vacancy fell to 8.3%.
retail-company is accelerating, up 256980% QoQ.