Delhi-NCR retail leasing jumped 45% in Q1, resurfacing a report as fashion and F&B fueled demand
Resurfacing data from Q1 2026: Delhi-NCR retail leasing reached 0.59 million sq ft, up 45% year-on-year, with malls taking 64% of space. The region accounted for 30% of leasing across India’s top eight cities, where overall activity fell 10% amid limited quality supply.
Delhi-NCR retail leasing rose 45% year-on-year in Q1 2026, led by fashion and F&B demand. Malls captured most leasing, while constrained quality supply reduced total activity across India’s eight major cities despite strong occupier expansion demand.
Why this matters
The report reinforces recent signals that Delhi-NCR retail leasing rose 45% in Q1 2026, with fashion and F&B driving demand despite constrained quality supply nationally.
Store-opening is steady, with 1,485 signals recorded in the past 90 days.