Delhi-NCR retail leasing jumped 45% in Q1, resurfacing a report as fashion and F&B fueled demand
Resurfacing data from a Q1 2026 report, Delhi-NCR retail leasing reached 0.59 million sq ft, up from 0.41 million sq ft a year earlier. Malls accounted for 64% of transactions, while constrained availability of quality space continued to shape occupier choices.
Delhi-NCR retail leasing climbed 45% year-on-year in Q1 2026, led by fashion and F&B demand. Malls captured 64% of activity as quality-space shortages constrained supply, while Delhi-NCR contributed 30% of leasing across India’s top eight cities.
Why this matters
The retail leasing increase follows signals that Delhi NCR warehousing leasing rose 66% as quick commerce and FMCG expanded, and that the region led India logistics leasing through 3PL and retail supply-chain growth.
Store-opening is steady at 1,752 signals over 90 days; no QoQ change figure was provided.