Delhi-NCR retail leasing jumped 45% in Q1, resurfacing a January 2026 report on fashion and F&B-led demand
Resurfacing data from January 2026: retail leasing in Delhi-NCR reached 0.59 million sq ft in January–March 2026, up from 0.41 million sq ft a year earlier. Malls accounted for 64% of transactions, with constrained quality supply and domestic and international brand expansion supporting demand.
Delhi-NCR retail leasing rose 45% year-on-year to 0.59 million sq ft in Q1 2026, led by fashion and F&B demand. Malls captured 64% of activity as constrained quality supply, domestic retailer expansion and international-brand participation supported organised retail demand.
Why this matters
The Q1 gain extends Delhi-NCR's 2024 pattern of rising retail leasing, falling mall vacancy and higher high-street rents, while constrained quality supply persists despite a 27M+ sq ft pipeline due by 2028.
retail-company is accelerating (+1020300% QoQ).