Delhi-NCR retail leasing jumped 45% in Q1, resurfacing a January 2026 report on fashion and F&B-fueled demand
Resurfacing data from January 2026: Delhi-NCR retail leasing reached 0.59 million sq ft in January–March 2026, with malls accounting for 64% of activity. The region captured 30% of leasing across India’s top eight cities, even as overall eight-city leasing fell 10% year-on-year.
Delhi-NCR retail leasing rose 45% year-on-year in Q1 2026 to 0.59 million sq ft, led by fashion and F&B demand. Malls captured 64% of activity as limited quality supply and expanding domestic and international brands supported occupier interest.
Why this matters
The Q1 update follows recent signals that Delhi-NCR premium retail rents rose as leasing more than doubled and that fashion and F&B demand drove a 45% Q1 leasing increase.
Footfall remains steady at 482 signals in the past 90 days; no QoQ change is provided.